GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $34.59, for a total transaction of $1,349,010.00. Following the completion of the sale, the insider now owns 69,650 shares of the company’s stock, valued at approximately $2,409,193.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.48 on Monday. The company has a 50-day moving average of $33.41 and a 200 day moving average of $31.74. GoDaddy Inc. has a one year low of $23.88 and a one year high of $35.70. The stock’s market cap is $5.40 billion.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company earned $456.20 million during the quarter, compared to analysts’ expectations of $450.51 million. GoDaddy had a negative net margin of 1.26% and a negative return on equity of 3.30%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.46) earnings per share. On average, equities analysts forecast that GoDaddy Inc. will post ($0.04) earnings per share for the current fiscal year.
A number of research analysts have commented on the stock. Raymond James Financial Inc. assumed coverage on shares of GoDaddy in a research report on Tuesday, June 14th. They set an “outperform” rating and a $37.00 target price on the stock. Zacks Investment Research cut shares of GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Piper Jaffray Cos. restated a “buy” rating and issued a $38.00 price target on shares of GoDaddy in a report on Monday, July 18th. B. Riley restated a “neutral” rating and issued a $33.50 price target on shares of GoDaddy in a report on Thursday, August 4th. Finally, Royal Bank Of Canada raised their price target on shares of GoDaddy from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.63.
A number of institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock valued at $320,000 after buying an additional 98 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in GoDaddy by 83.1% in the first quarter. TIAA CREF Investment Management LLC now owns 241,785 shares of the company’s stock valued at $7,817,000 after buying an additional 109,760 shares during the last quarter. Franklin Resources Inc. increased its stake in GoDaddy by 8.9% in the first quarter. Franklin Resources Inc. now owns 1,078,380 shares of the company’s stock valued at $34,864,000 after buying an additional 88,490 shares during the last quarter. BlackRock Inc. increased its stake in GoDaddy by 46.3% in the first quarter. BlackRock Inc. now owns 12,808 shares of the company’s stock valued at $414,000 after buying an additional 4,053 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in GoDaddy by 19.2% in the first quarter. BlackRock Group LTD now owns 282,923 shares of the company’s stock valued at $9,147,000 after buying an additional 45,538 shares during the last quarter.
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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