GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $33.55, for a total value of $1,308,450.00. Following the completion of the transaction, the insider now directly owns 69,650 shares in the company, valued at $2,336,757.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
GoDaddy Inc. (NYSE:GDDY) opened at 33.76 on Tuesday. The company has a 50-day moving average of $32.93 and a 200-day moving average of $31.55. The stock’s market capitalization is $5.14 billion. GoDaddy Inc. has a 52 week low of $23.39 and a 52 week high of $35.53.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. GoDaddy had a negative net margin of 1.26% and a negative return on equity of 3.30%. The company earned $456.20 million during the quarter, compared to analysts’ expectations of $450.51 million. During the same period last year, the firm earned ($0.46) earnings per share. GoDaddy’s revenue was up 15.6% on a year-over-year basis. Analysts anticipate that GoDaddy Inc. will post ($0.04) earnings per share for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Piper Jaffray Cos. set a $40.00 target price on GoDaddy and gave the company a “buy” rating in a research report on Monday, September 19th. B. Riley reissued a “neutral” rating and issued a $33.50 target price on shares of GoDaddy in a research report on Tuesday, August 9th. Citigroup Inc. downgraded GoDaddy from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Tuesday, June 7th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $38.00 price target (up from $37.00) on shares of GoDaddy in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.88.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC raised its position in GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock worth $320,000 after buying an additional 98 shares in the last quarter. UBS Group AG raised its position in GoDaddy by 0.6% in the first quarter. UBS Group AG now owns 22,573 shares of the company’s stock worth $729,000 after buying an additional 140 shares in the last quarter. Mackenzie Financial Corp raised its position in GoDaddy by 0.7% in the second quarter. Mackenzie Financial Corp now owns 28,600 shares of the company’s stock worth $892,000 after buying an additional 200 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in 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, Geode Capital Management LLC raised its position in GoDaddy by 0.3% in the first quarter. Geode Capital Management LLC now owns 148,032 shares of the company’s stock worth $4,785,000 after buying an additional 494 shares in the last quarter.
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.
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