Godaddy Inc (NYSE:GDDY) EVP Arne Josefsberg sold 33,803 shares of the business’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $73.45, for a total transaction of $2,482,830.35. Following the sale, the executive vice president now owns 33,348 shares in the company, valued at $2,449,410.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Arne Josefsberg also recently made the following trade(s):
- On Monday, September 24th, Arne Josefsberg sold 45,000 shares of Godaddy stock. The stock was sold at an average price of $80.28, for a total transaction of $3,612,600.00.
- On Thursday, August 23rd, Arne Josefsberg sold 45,000 shares of Godaddy stock. The stock was sold at an average price of $75.83, for a total transaction of $3,412,350.00.
NYSE:GDDY opened at $72.08 on Friday. The firm has a market cap of $13.08 billion, a PE ratio of 171.62, a PEG ratio of 8.13 and a beta of 0.63. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.73 and a quick ratio of 0.73. Godaddy Inc has a 52-week low of $45.74 and a 52-week high of $84.97.
Several equities research analysts have commented on the stock. Wedbush restated a “neutral” rating and set a $85.00 target price on shares of Godaddy in a research report on Thursday, September 13th. ValuEngine lowered shares of Godaddy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research lowered shares of Godaddy from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Morgan Stanley boosted their target price on shares of Godaddy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, August 6th. Finally, TheStreet upgraded shares of Godaddy from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.60.
Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Godaddy by 30.4% during the 2nd quarter. Amalgamated Bank now owns 35,017 shares of the technology company’s stock worth $2,472,000 after buying an additional 8,157 shares during the last quarter. US Bancorp DE raised its stake in shares of Godaddy by 25.6% during the 2nd quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock worth $540,000 after buying an additional 1,560 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Godaddy by 154.4% during the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after buying an additional 1,029,426 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Godaddy during the 2nd quarter worth $384,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Godaddy during the 2nd quarter worth $189,000. 93.65% of the stock is owned by institutional investors and hedge funds.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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