GoDaddy Inc. (NYSE:GDDY) CMO Barbara J. Rechterman sold 19,500 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $36.38, for a total transaction of $709,410.00. Following the completion of the sale, the chief marketing officer now owns 69,650 shares in the company, valued at $2,533,867. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of GoDaddy Inc. (NYSE:GDDY) traded up 0.91% during trading on Wednesday, reaching $36.45. The company had a trading volume of 496,227 shares. GoDaddy Inc. has a 52-week low of $23.88 and a 52-week high of $36.96. The company’s market capitalization is $3.19 billion. The firm has a 50-day moving average price of $34.94 and a 200-day moving average price of $32.67.

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

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

Several large investors have recently modified their holdings of GDDY. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter.

Several analysts recently issued reports on GDDY shares. Deutsche Bank AG boosted their price objective on shares of GoDaddy from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Cantor Fitzgerald started coverage on shares of GoDaddy in a report on Tuesday, October 18th. They issued a “buy” rating and a $42.00 price objective on the stock. Vetr lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price objective on the stock. in a report on Thursday, October 6th. Zacks Investment Research upgraded shares of 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, October 5th. Finally, Summit Redstone assumed coverage on shares of GoDaddy in a research note on Monday, October 3rd. They set a “buy” rating and a $41.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.00.

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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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