Godaddy Inc (NYSE:GDDY) CFO Sells $28,224.14 in Stock

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

Godaddy stock traded down $0.59 during midday trading on Friday, hitting $64.53. 1,263,869 shares of the company’s stock were exchanged, compared to its average volume of 1,594,658. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. Godaddy Inc has a 12 month low of $56.67 and a 12 month high of $84.97. The firm has a 50-day moving average of $67.03 and a two-hundred day moving average of $72.90. The company has a market cap of $11.52 billion, a PE ratio of 102.43, a P/E/G ratio of 7.37 and a beta of 0.68.

Godaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). Godaddy had a return on equity of 11.44% and a net margin of 1.98%. The business had revenue of $737.20 million for the quarter, compared to the consensus estimate of $735.40 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, equities analysts expect that Godaddy Inc will post 0.52 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. bought a new stake in shares of Godaddy in the 2nd quarter valued at about $27,000. Berman Capital Advisors LLC boosted its holdings in shares of Godaddy by 205.4% in the 1st quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock valued at $33,000 after buying an additional 304 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Godaddy by 80.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock valued at $35,000 after buying an additional 226 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Godaddy in the 1st quarter valued at about $45,000. Finally, Signaturefd LLC boosted its holdings in shares of Godaddy by 36.0% in the 1st quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock valued at $54,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.

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

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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