GoDaddy Inc. (GDDY) Insider Sells $1,349,010.00 in Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $34.59, for a total value of $1,349,010.00. Following the completion of the transaction, the insider now owns 69,650 shares in the company, valued at $2,409,193.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.10 on Friday. The firm has a 50 day moving average price of $33.31 and a 200 day moving average price of $31.72. GoDaddy Inc. has a 1-year low of $23.88 and a 1-year high of $35.53. The firm’s market cap is $5.35 billion.
GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $456.20 million for the quarter, compared to the consensus estimate of $450.51 million. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.46) EPS. Analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Technology Crossover Management VII Ltd. boosted its stake in shares of GoDaddy by 194.2% in the second quarter. Technology Crossover Management VII Ltd. now owns 14,267,080 shares of the company’s stock valued at $444,990,000 after buying an additional 9,418,073 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of GoDaddy by 399.7% in the second quarter. JPMorgan Chase & Co. now owns 6,208,234 shares of the company’s stock valued at $193,636,000 after buying an additional 4,965,848 shares in the last quarter. FMR LLC boosted its stake in shares of GoDaddy by 60.4% in the second quarter. FMR LLC now owns 12,238,511 shares of the company’s stock valued at $381,719,000 after buying an additional 4,609,309 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of GoDaddy by 60.8% in the second quarter. Vanguard Group Inc. now owns 4,725,249 shares of the company’s stock valued at $147,381,000 after buying an additional 1,786,473 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC acquired a new stake in shares of GoDaddy during the second quarter valued at $37,167,000.
A number of brokerages have commented on GDDY. Vetr lowered GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price objective on the stock. in a research report on Thursday. Zacks Investment Research raised GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday. Summit Redstone assumed coverage on GoDaddy in a research note on Monday. They issued a “buy” rating and a $41.00 price target on the stock. Piper Jaffray Cos. set a $40.00 price target on GoDaddy and gave the company a “buy” rating in a research note on Monday, September 19th. Finally, B. Riley reissued a “neutral” rating and issued a $33.50 price target on shares of GoDaddy in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.63.
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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