GoDaddy Inc. (GDDY) Insider Barbara J. Rechterman Sells 39,000 Shares
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of GoDaddy stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $33.89, for a total value of $1,321,710.00. Following the sale, the insider now directly owns 69,650 shares of the company’s stock, valued at approximately $2,360,438.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 34.53 on Monday. The stock has a 50 day moving average price of $33.06 and a 200-day moving average price of $31.63. The firm’s market capitalization is $5.26 billion. GoDaddy Inc. has a 52 week low of $23.88 and a 52 week high of $35.53.
GoDaddy (NYSE:GDDY) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The firm earned $456.20 million during the quarter, compared to analyst estimates of $450.51 million. GoDaddy had a negative net margin of 1.26% and a negative return on equity of 3.30%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company earned ($0.46) earnings per share. On average, analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.
A number of research firms recently commented on GDDY. Zacks Investment Research downgraded GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Piper Jaffray Cos. set a $40.00 target price on GoDaddy and gave the stock a “buy” rating in a report on Monday, September 19th. B. Riley reaffirmed a “neutral” rating and set a $33.50 target price on shares of GoDaddy in a report on Tuesday, August 9th. Citigroup Inc. downgraded GoDaddy from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a report on Tuesday, June 7th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $38.00 target price (up previously from $37.00) on shares of GoDaddy in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $36.88.
Hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its stake in shares of GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock worth $109,000 after buying an additional 3,200 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of GoDaddy by 97.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,501 shares of the company’s stock worth $109,000 after buying an additional 1,732 shares during the period. Advisor Group Inc. purchased a new stake in shares of GoDaddy during the second quarter worth about $113,000. Independent Portfolio Consultants Inc. boosted its stake in shares of GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock worth $124,000 after buying an additional 425 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of GoDaddy by 8,301.9% in the second quarter. Legal & General Group Plc now owns 4,537 shares of the company’s stock worth $141,000 after buying an additional 4,483 shares during the period.
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. The Company 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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