Godaddy Inc (NYSE:GDDY) CFO Raymond E. Winborne, Jr. sold 449 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $62.86, for a total value of $28,224.14. Following the completion of the sale, the chief financial officer now directly owns 87,885 shares of the company’s stock, valued at approximately $5,524,451.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Godaddy stock traded down $0.59 during mid-day trading on Friday, hitting $64.53. 1,683,500 shares of the company’s stock traded hands, compared to its average volume of 1,578,383. The firm has a 50 day simple moving average of $67.21 and a two-hundred day simple moving average of $72.94. Godaddy Inc has a fifty-two week low of $56.67 and a fifty-two week high of $84.97. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 102.43, a P/E/G ratio of 7.19 and a beta of 0.68. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.85 and a quick ratio of 0.85.

Godaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Godaddy had a net margin of 1.98% and a return on equity of 11.44%. The business had revenue of $737.20 million for the quarter, compared to analyst estimates of $735.40 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts anticipate that Godaddy Inc will post 0.52 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on GDDY shares. SunTrust Banks set a $90.00 price objective on Godaddy and gave the company a “buy” rating in a report on Monday, August 26th. TheStreet downgraded Godaddy from a “b” rating to a “c” rating in a report on Tuesday, May 21st. Raymond James cut their price objective on Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, ValuEngine downgraded Godaddy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.89.

Institutional investors have recently made changes to their positions in the business. Treasurer of the State of North Carolina increased its position in Godaddy by 9.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 73,317 shares of the technology company’s stock worth $5,143,000 after buying an additional 6,080 shares during the period. BlackRock Inc. increased its position in Godaddy by 23.7% during the 2nd quarter. BlackRock Inc. now owns 14,344,269 shares of the technology company’s stock worth $1,006,251,000 after buying an additional 2,747,523 shares during the period. Natixis bought a new position in Godaddy during the 2nd quarter worth $5,708,000. Global Wealth Management Investment Advisory Inc. increased its position in Godaddy by 4.6% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 3,827 shares of the technology company’s stock worth $268,000 after buying an additional 168 shares during the period. Finally, Royal Bank of Canada increased its position in Godaddy by 9.2% during the 2nd quarter. Royal Bank of Canada now owns 178,149 shares of the technology company’s stock worth $12,498,000 after buying an additional 14,941 shares during the period. 98.15% of the stock is owned by institutional investors and hedge funds.

About Godaddy

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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