Insider Selling: GoDaddy Inc. (GDDY) Insider Sells 1,000 Shares of Stock
GoDaddy Inc. (NYSE:GDDY) insider Auguste Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $42.32, for a total transaction of $42,320.00. Following the completion of the sale, the insider now owns 6,491 shares in the company, valued at $274,699.12. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Auguste Goldman also recently made the following trade(s):
- On Thursday, June 15th, Auguste Goldman sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $41.07, for a total transaction of $41,070.00.
- On Monday, May 15th, Auguste Goldman sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $38.98, for a total transaction of $38,980.00.
GoDaddy Inc. (GDDY) traded up 0.69% on Wednesday, reaching $44.00. 925,284 shares of the company’s stock traded hands. The firm’s market cap is $4.03 billion. The firm’s 50-day moving average is $42.31 and its 200 day moving average is $38.49. GoDaddy Inc. has a 12 month low of $28.13 and a 12 month high of $44.22.
GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $489.70 million during the quarter, compared to analyst estimates of $487.77 million. GoDaddy had a positive return on equity of 0.73% and a negative net margin of 0.28%. Equities analysts predict that GoDaddy Inc. will post $0.19 EPS for the current year.
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A number of equities research analysts have recently weighed in on GDDY shares. BidaskClub downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. B. Riley restated a “buy” rating and issued a $47.00 price target on shares of GoDaddy in a research note on Monday, May 8th. Cantor Fitzgerald restated a “hold” rating on shares of GoDaddy in a research note on Monday, June 26th. Stifel Nicolaus set a $41.00 price target on shares of GoDaddy and gave the company a “hold” rating in a research note on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.75.
Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in GoDaddy by 10.1% in the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock worth $105,000 after buying an additional 250 shares during the period. BNP Paribas Arbitrage SA raised its stake in GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock worth $105,000 after buying an additional 1,891 shares during the period. 1st Global Advisors Inc. bought a new stake in GoDaddy during the first quarter worth $216,000. Highbridge Capital Management LLC bought a new stake in GoDaddy during the fourth quarter worth $223,000. Finally, Karp Capital Management Corp bought a new stake in GoDaddy during the first quarter worth $251,000.
GoDaddy Company Profile
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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