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 GoDaddy stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $45.26, for a total transaction of $1,584,100.00. Following the completion of the sale, the insider now directly owns 50,427 shares in the company, valued at approximately $2,282,326.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 46.54 on Friday. The company has a market cap of $5.18 billion, a PE ratio of 366.46 and a beta of 0.62. GoDaddy Inc. has a one year low of $31.63 and a one year high of $46.55. The firm’s 50-day moving average is $44.07 and its 200-day moving average is $44.07.
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 firm 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%. The company’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm earned ($0.11) EPS. On average, equities analysts anticipate that GoDaddy Inc. will post $0.30 EPS for the current year.
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A number of equities research analysts recently commented on GDDY shares. Zacks Investment Research cut shares of GoDaddy from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. BidaskClub cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. B. Riley reaffirmed a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a report on Wednesday, July 19th. Barclays PLC lifted 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. Finally, Royal Bank Of Canada lifted their price target on shares of GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.46.
Several hedge funds have recently made changes to their positions in GDDY. FMR LLC raised its position in shares of GoDaddy by 40.9% during the 2nd quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after purchasing an additional 3,148,349 shares during the period. Vanguard Group Inc. increased its holdings in GoDaddy by 26.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after acquiring an additional 1,598,137 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in GoDaddy by 280.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock valued at $89,635,000 after acquiring an additional 1,573,572 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in GoDaddy by 273.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock valued at $52,668,000 after acquiring an additional 908,685 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in GoDaddy by 48.2% in the 3rd quarter. First Trust Advisors LP now owns 2,634,529 shares of the technology company’s stock valued at $114,628,000 after acquiring an additional 856,259 shares during the last quarter. Hedge funds and other institutional investors own 78.18% of the company’s stock.
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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