GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $36.21, for a total value of $1,412,190.00. Following the transaction, the insider now owns 69,650 shares in the company, valued at $2,522,026.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of GoDaddy Inc. (NYSE:GDDY) traded up 0.91% during midday trading on Wednesday, hitting $36.45. The stock had a trading volume of 496,227 shares. 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 $34.89 and its 200-day moving average is $32.64. The stock’s market cap is $3.19 billion.

GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $472.10 million for the quarter, compared to analysts’ expectations of $470.07 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock valued at $109,000 after buying an additional 3,200 shares in the last quarter. Metropolitan Life Insurance Co. NY raised 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 valued at $109,000 after buying an additional 1,732 shares in the last quarter. Advisor Group Inc. purchased a new stake in GoDaddy during the second quarter valued at $113,000. Independent Portfolio Consultants Inc. raised 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 valued at $124,000 after buying an additional 425 shares in the last quarter. Finally, Legal & General Group Plc raised 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 valued at $141,000 after buying an additional 4,483 shares in the last quarter.

A number of equities analysts have issued reports on GDDY shares. B. Riley restated a “neutral” rating and set a $33.50 price target on shares of GoDaddy in a report on Thursday, August 4th. Royal Bank Of Canada increased their target price on GoDaddy from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $38.00 target price (up from $37.00) on shares of GoDaddy in a report on Thursday, August 4th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $38.00 target price on shares of GoDaddy in a report on Thursday, August 4th. Finally, Deutsche Bank AG increased their target price on GoDaddy from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. GoDaddy 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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