Godaddy Inc (GDDY) Insider James M. Carroll Sells 52,042 Shares of Stock
Godaddy Inc (NYSE:GDDY) insider James M. Carroll sold 52,042 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $78.01, for a total value of $4,059,796.42. Following the sale, the insider now directly owns 99,818 shares in the company, valued at $7,786,802.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
GDDY stock opened at $79.47 on Tuesday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.76 and a current ratio of 0.76. Godaddy Inc has a 52-week low of $56.67 and a 52-week high of $84.97. The stock has a market cap of $13.88 billion, a PE ratio of 126.14, a PEG ratio of 5.71 and a beta of 0.65.
Godaddy (NYSE:GDDY) last posted its earnings results on Wednesday, February 20th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.15. Godaddy had a net margin of 2.90% and a return on equity of 11.91%. The business had revenue of $696.00 million for the quarter, compared to analyst estimates of $693.41 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Sell-side analysts forecast that Godaddy Inc will post 0.82 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC purchased a new position in Godaddy in the 4th quarter valued at about $27,000. Csenge Advisory Group purchased a new position in Godaddy in the 3rd quarter valued at about $62,000. Parallel Advisors LLC lifted its stake in Godaddy by 15.8% in the 4th quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock valued at $99,000 after buying an additional 207 shares in the last quarter. TD Asset Management Inc. lifted its stake in Godaddy by 24.5% in the 4th quarter. TD Asset Management Inc. now owns 3,284 shares of the technology company’s stock valued at $215,000 after buying an additional 646 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Godaddy in the 4th quarter valued at about $255,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.
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Godaddy Company Profile
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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