GoDaddy Inc. (GDDY) Insider Barbara J. Rechterman Sells 35,000 Shares

GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $43.67, for a total value of $1,528,450.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. The firm had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) earnings per share.

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A number of equities analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $53.00 price target on shares of GoDaddy in a report on Wednesday, August 9th. BidaskClub cut GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Stifel Nicolaus set a $41.00 target price on GoDaddy and gave the stock a “hold” rating in a report on Wednesday, August 9th. Deutsche Bank AG upped their target price on GoDaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, SunTrust Banks, Inc. started coverage on GoDaddy in a report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. GoDaddy presently has an average rating of “Buy” and a consensus target price of $47.46.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Public Employees Retirement Association of Colorado increased its holdings in shares of GoDaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after buying an additional 986 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock worth $105,000 after buying an additional 1,891 shares during the period. SG Americas Securities LLC purchased a new position in shares of GoDaddy in the second quarter worth about $118,000. Sei Investments Co. increased its holdings in shares of GoDaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock worth $158,000 after buying an additional 2,283 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GoDaddy by 142.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock worth $195,000 after buying an additional 2,707 shares during the period. Hedge funds and other institutional investors own 77.95% 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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