GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $35.66, for a total value of $1,390,740.00. Following the completion of the sale, the insider now directly owns 69,650 shares of the company’s stock, valued at approximately $2,483,719. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.51 on Wednesday. The firm’s market cap is $5.41 billion. GoDaddy Inc. has a 12 month low of $23.88 and a 12 month high of $36.30. The firm has a 50 day moving average price of $34.02 and a 200-day moving average price of $31.92.
GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate 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 firm earned $456.20 million during the quarter, compared to the consensus estimate of $450.51 million. During the same quarter in the prior year, the company earned ($0.46) EPS. GoDaddy’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that GoDaddy Inc. will post ($0.04) EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in GDDY. Aperio Group LLC boosted its stake 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. TIAA CREF Investment Management LLC boosted 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 worth $7,817,000 after buying an additional 109,760 shares in the last quarter. Franklin Resources Inc. boosted 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 worth $34,864,000 after buying an additional 88,490 shares in the last quarter. BlackRock Inc. boosted its stake in GoDaddy by 46.3% in the first quarter. BlackRock Inc. now owns 12,808 shares of the company’s stock worth $414,000 after buying an additional 4,053 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in GoDaddy by 19.2% in the first quarter. BlackRock Group LTD now owns 282,923 shares of the company’s stock worth $9,147,000 after buying an additional 45,538 shares in the last quarter.
Several analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on GoDaddy in a research report on Tuesday. They issued a “buy” rating for the company. Deutsche Bank AG raised their target price on GoDaddy from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Vetr cut GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 target price for the company. in a research report on Thursday, October 6th. Zacks Investment Research raised GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, October 5th. Finally, Summit Redstone assumed coverage on GoDaddy in a research report on Monday, October 3rd. They issued a “buy” rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. GoDaddy has a consensus rating of “Buy” and a consensus target price of $37.83.
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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