GoDaddy Inc. (NYSE:GDDY) Director Betsy Rafael sold 6,856 shares of GoDaddy stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $41.87, for a total transaction of $287,060.72. Following the completion of the sale, the director now directly owns 5,141 shares in the company, valued at approximately $215,253.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of GoDaddy Inc. (GDDY) traded up 1.88% during midday trading on Monday, reaching $42.34. 943,573 shares of the company’s stock were exchanged. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 333.39 and a beta of 0.65. GoDaddy Inc. has a one year low of $31.59 and a one year high of $45.26. The firm has a 50 day moving average of $42.71 and a 200-day moving average of $39.51.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. The business had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) EPS. On average, equities research analysts anticipate that GoDaddy Inc. will post $0.21 earnings per share for the current year.

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A number of equities research analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a report on Monday. Deutsche Bank AG lifted their price target on shares of GoDaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer Holdings, Inc. lifted their price target on shares of GoDaddy from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus set a $41.00 price target on shares of GoDaddy and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. lifted their price target on shares of GoDaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.54.

Several hedge funds have recently made changes to their positions in GDDY. FMR LLC increased its stake in shares of GoDaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after buying an additional 3,148,349 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of GoDaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after buying an additional 1,598,137 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of GoDaddy by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 6,206,386 shares of the technology company’s stock valued at $263,274,000 after buying an additional 387,731 shares during the last quarter. BlackRock Inc. increased its stake in shares of GoDaddy by 33.1% in the second quarter. BlackRock Inc. now owns 2,773,646 shares of the technology company’s stock valued at $117,659,000 after buying an additional 689,501 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of GoDaddy by 41.5% in the second quarter. Franklin Resources Inc. now owns 2,180,197 shares of the technology company’s stock valued at $92,484,000 after buying an additional 639,600 shares during the last quarter.

About GoDaddy

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It 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.

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

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