GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of GoDaddy stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $35.87, for a total value of $1,398,930.00. Following the sale, the insider now directly owns 69,650 shares in the company, valued at approximately $2,498,345.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
GoDaddy Inc. (NYSE:GDDY) opened at 33.73 on Friday. The stock’s market cap is $2.95 billion. GoDaddy Inc. has a 12-month low of $23.88 and a 12-month high of $37.21. The company’s 50-day moving average price is $34.96 and its 200-day moving average price is $32.85.
GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company earned $472.10 million during the quarter, compared to analysts’ expectations of $470.07 million. GoDaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. GoDaddy’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. On average, equities analysts expect that GoDaddy Inc. will post ($0.04) EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in GDDY. Technology Crossover Management VII Ltd. boosted its position in GoDaddy by 194.2% in the second quarter. Technology Crossover Management VII Ltd. now owns 14,267,080 shares of the company’s stock worth $444,990,000 after buying an additional 9,418,073 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of GoDaddy by 399.7% in the second quarter. JPMorgan Chase & Co. now owns 6,208,234 shares of the company’s stock worth $193,636,000 after buying an additional 4,965,848 shares during the last quarter. FMR LLC boosted its position in shares of GoDaddy by 60.4% in the second quarter. FMR LLC now owns 12,238,511 shares of the company’s stock worth $381,719,000 after buying an additional 4,609,309 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of GoDaddy by 60.8% in the second quarter. Vanguard Group Inc. now owns 4,725,249 shares of the company’s stock worth $147,381,000 after buying an additional 1,786,473 shares during the last quarter. Finally, Eaton Vance Management purchased a new position in shares of GoDaddy during the third quarter worth approximately $58,445,000.
Several research firms have weighed in on GDDY. Monness Crespi & Hardt cut GoDaddy from a “buy” rating to a “neutral” rating in a report on Tuesday, November 1st. They noted that the move was a valuation call. RBC Capital Markets restated an “outperform” rating and set a $40.00 price target (up previously from $38.00) on shares of GoDaddy in a report on Thursday, November 3rd. Zacks Investment Research cut GoDaddy from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Deutsche Bank AG raised their price target on GoDaddy from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, October 18th. Finally, TheStreet upgraded GoDaddy from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $40.00.
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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