Godaddy Inc (NYSE:GDDY) CEO Blake Irving sold 37,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $36.46, for a total transaction of $1,367,250.00. Following the sale, the chief executive officer now owns 39,855 shares in the company, valued at $1,453,113.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Godaddy Inc (NYSE:GDDY) traded up 0.08% during midday trading on Friday, reaching $38.90. The company had a trading volume of 14,159,119 shares. The firm has a 50-day moving average of $37.54 and a 200-day moving average of $36.06. Godaddy Inc has a 12 month low of $28.13 and a 12 month high of $40.27.
Godaddy (NYSE:GDDY) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The firm earned $489.70 million during the quarter, compared to the consensus estimate of $487.77 million. Godaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. Equities analysts expect that Godaddy Inc will post $0.21 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. TFS Capital LLC purchased a new position in Godaddy during the first quarter worth about $459,000. Ameriprise Financial Inc. purchased a new position in Godaddy during the first quarter worth about $12,617,000. Karp Capital Management Corp bought a new stake in shares of Godaddy during the first quarter worth $251,000. UBS Asset Management Americas Inc. raised its stake in shares of Godaddy by 16.1% in the first quarter. UBS Asset Management Americas Inc. now owns 31,770 shares of the technology company’s stock worth $1,204,000 after buying an additional 4,403 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Godaddy by 4.0% in the first quarter. Swiss National Bank now owns 86,500 shares of the technology company’s stock worth $3,278,000 after buying an additional 3,300 shares during the last quarter.
A number of equities research analysts have recently weighed in on GDDY shares. Cantor Fitzgerald boosted their price target on Godaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday. B. Riley restated a “buy” rating and issued a $47.00 price objective on shares of Godaddy in a report on Wednesday. Barclays PLC initiated coverage on Godaddy in a research report on Tuesday, March 28th. They set an “overweight” rating and a $45.00 target price on the stock. Zacks Investment Research lowered Godaddy from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Godaddy in a research report on Thursday, February 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $41.83.