GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $43.69, for a total value of $1,529,150.00. Following the sale, the insider now directly owns 50,427 shares in the company, valued at approximately $2,203,155.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

GoDaddy Inc. (NYSE:GDDY) opened at 43.81 on Friday. The firm has a 50 day moving average price of $43.87 and a 200 day moving average price of $40.56. GoDaddy Inc. has a 52 week low of $31.63 and a 52 week high of $44.22. The stock has a market capitalization of $4.87 billion, a P/E ratio of 344.96 and a beta of 0.64.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.05% and a net margin of 1.21%. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Equities research analysts predict that GoDaddy Inc. will post $0.33 earnings per share for the current year.

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A number of research firms recently issued reports on GDDY. BidaskClub upgraded GoDaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Oppenheimer Holdings, Inc. raised their price target on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the stock a “hold” rating in a research note on Friday, June 23rd. Cantor Fitzgerald restated a “hold” rating on shares of GoDaddy in a research note on Monday, June 26th. Finally, Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $46.47.

Several institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of GoDaddy by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock worth $105,000 after purchasing an additional 250 shares during the period. Aperio Group LLC raised its position in shares of GoDaddy by 5.6% during the 2nd quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock worth $297,000 after purchasing an additional 373 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of GoDaddy by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after purchasing an additional 397 shares during the period. Symphony Asset Management LLC raised its position in shares of GoDaddy by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock worth $553,000 after purchasing an additional 501 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of GoDaddy by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 45,625 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 77.88% of the company’s stock.

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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