Barbara J. Rechterman Sells 19,500 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) CMO Barbara J. Rechterman sold 19,500 shares of GoDaddy stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $33.62, for a total transaction of $655,590.00. Following the transaction, the chief marketing officer now directly owns 69,650 shares in the company, valued at $2,341,633. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 33.92 on Friday. GoDaddy Inc. has a 12 month low of $23.88 and a 12 month high of $36.96. The stock’s 50 day moving average is $34.83 and its 200 day moving average is $32.50. The stock’s market cap is $2.97 billion.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. GoDaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. The firm had revenue of $472.10 million for the quarter, compared to analyst estimates of $470.07 million. During the same quarter last year, the firm posted ($0.04) earnings per share. GoDaddy’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts predict that GoDaddy Inc. will post ($0.05) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of GDDY. Strategic Global Advisors LLC increased its stake in shares of GoDaddy by 0.3% in the third quarter. Strategic Global Advisors LLC now owns 10,459 shares of the company’s stock valued at $326,000 after buying an additional 33 shares during the period. Blue Rock Advisors LLC increased its stake in shares of GoDaddy by 0.6% in the third quarter. Blue Rock Advisors LLC now owns 11,415 shares of the company’s stock valued at $394,000 after buying an additional 68 shares during the period. UBS Group AG increased its stake in shares of GoDaddy by 0.6% in the first quarter. UBS Group AG now owns 22,573 shares of the company’s stock valued at $729,000 after buying an additional 140 shares during the period. Mackenzie Financial Corp increased its stake in shares of GoDaddy by 0.7% in the second quarter. Mackenzie Financial Corp now owns 28,600 shares of the company’s stock valued at $892,000 after buying an additional 200 shares during the period. Finally, Independent Portfolio Consultants Inc. increased 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 valued at $124,000 after buying an additional 425 shares during the period.
A number of brokerages have weighed in on GDDY. B. Riley reiterated a “neutral” rating and set a $33.50 price target on shares of GoDaddy in a research report on Tuesday, November 8th. Zacks Investment Research cut shares of GoDaddy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 4th. RBC Capital Markets restated an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of GoDaddy in a report on Thursday, November 3rd. Royal Bank Of Canada lifted their price objective on shares of GoDaddy from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Finally, Piper Jaffray Cos. restated a “buy” rating and issued a $50.00 price objective on shares of GoDaddy in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. GoDaddy presently has an average rating of “Buy” and a consensus target price of $39.18.
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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