GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $33.16, for a total value of $1,293,240.00. Following the sale, the insider now owns 69,650 shares in the company, valued at approximately $2,309,594. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GoDaddy Inc. (NYSE:GDDY) opened at 33.14 on Monday. GoDaddy Inc. has a 12 month low of $23.88 and a 12 month high of $36.96. The company has a 50 day moving average price of $34.92 and a 200 day moving average price of $32.42. The stock’s market capitalization is $2.90 billion.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business earned $472.10 million during the quarter, compared to analyst estimates of $470.07 million. GoDaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Equities research analysts predict that GoDaddy Inc. will post ($0.05) earnings per share for the current year.

Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

Several equities research analysts have recently issued reports on the company. Summit Redstone assumed coverage on GoDaddy in a report on Monday, October 3rd. They set a “buy” rating and a $41.00 price objective on the stock. Zacks Investment Research cut GoDaddy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 4th. Piper Jaffray Cos. set a $40.00 price objective on GoDaddy and gave the stock a “buy” rating in a report on Monday, September 19th. B. Riley restated a “neutral” rating and set a $33.50 price objective on shares of GoDaddy in a report on Tuesday, August 9th. Finally, RBC Capital Markets restated an “outperform” rating and set a $38.00 price objective (up previously from $37.00) on shares of GoDaddy in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.18.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its position 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 in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in 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 last quarter. Advisor Group Inc. acquired a new stake in GoDaddy during the second quarter worth $113,000. Independent Portfolio Consultants Inc. boosted its stake in 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 last quarter. Finally, Legal & General Group Plc boosted its stake in 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 last quarter.

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.

5 Day Chart for NYSE:GDDY

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