Barbara J. Rechterman Sells 35,000 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $42.97, for a total transaction of $1,503,950.00. Following the sale, the insider now owns 54,741 shares of the company’s stock, valued at $2,352,220.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 44.95 on Friday. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 353.94 and a beta of 0.64. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $45.26. The firm has a 50-day moving average of $42.83 and a 200 day moving average of $40.12.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.10. The company had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. GoDaddy’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS. On average, analysts expect that GoDaddy Inc. will post $0.33 earnings per share for the current year.
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A number of research firms have commented on GDDY. Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 price target (up from $46.00) on shares of GoDaddy in a report on Tuesday, May 16th. Zacks Investment Research cut shares of GoDaddy from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Barclays PLC raised their price target on shares of GoDaddy from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. Cantor Fitzgerald restated a “hold” rating on shares of GoDaddy in a report on Monday, June 26th. Finally, BidaskClub cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.47.
Institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in GoDaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after buying an additional 3,148,349 shares in the last quarter. Vanguard Group Inc. boosted its position in GoDaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after buying an additional 1,598,137 shares in the last quarter. JPMorgan Chase & Co. boosted its position in GoDaddy by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 6,206,386 shares of the technology company’s stock valued at $263,274,000 after buying an additional 387,731 shares in the last quarter. BlackRock Inc. boosted its position in GoDaddy by 33.1% in the second quarter. BlackRock Inc. now owns 2,773,646 shares of the technology company’s stock valued at $117,659,000 after buying an additional 689,501 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in GoDaddy by 41.5% in the second quarter. Franklin Resources Inc. now owns 2,180,197 shares of the technology company’s stock valued at $92,484,000 after buying an additional 639,600 shares in 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. 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.
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