GoDaddy Inc. (GDDY) Insider Barbara J. Rechterman Sells 39,314 Shares
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,314 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $44.27, for a total value of $1,740,430.78. Following the sale, the insider now owns 54,741 shares of the company’s stock, valued at $2,423,384.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
GoDaddy Inc. (NYSE GDDY) traded up 0.69% during trading on Thursday, reaching $44.00. 885,110 shares of the company’s stock were exchanged. The company’s 50-day moving average is $42.92 and its 200-day moving average is $40.28. The company has a market capitalization of $4.89 billion, a PE ratio of 346.46 and a beta of 0.64. GoDaddy Inc. has a 1-year low of $31.63 and a 1-year high of $45.33.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.10. The firm had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. Equities research analysts expect that GoDaddy Inc. will post $0.33 earnings per share for the current fiscal year.
A number of analysts have recently commented on GDDY shares. BidaskClub downgraded GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Cantor Fitzgerald restated a “hold” rating on shares of GoDaddy in a report on Monday, June 26th. Stifel Nicolaus set a $41.00 price objective on GoDaddy and gave the stock a “hold” rating in a report on Friday, June 23rd. Oppenheimer Holdings, Inc. upped their price objective on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, June 22nd. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $50.00 price objective (up from $46.00) on shares of GoDaddy in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. GoDaddy presently has a consensus rating of “Buy” and an average target price of $46.47.
Hedge funds have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado increased its position in GoDaddy by 66.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after acquiring an additional 986 shares during the period. Parallel Advisors LLC increased its position in GoDaddy by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock valued at $105,000 after acquiring an additional 250 shares during the period. BNP Paribas Arbitrage SA increased its position in GoDaddy by 215.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,891 shares during the period. SG Americas Securities LLC acquired a new position in GoDaddy in the 2nd quarter valued at about $118,000. Finally, Sei Investments Co. increased its position in GoDaddy by 160.4% in the 2nd quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after acquiring an additional 2,283 shares during the period.
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. 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.
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