GoDaddy Inc. (GDDY) Insider Sells $1,390,740.00 in Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $35.66, for a total transaction of $1,390,740.00. Following the completion of the transaction, the insider now directly owns 69,650 shares of the company’s stock, valued at approximately $2,483,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
GoDaddy Inc. (NYSE:GDDY) opened at 35.88 on Friday. The firm has a 50-day moving average of $33.79 and a 200-day moving average of $31.86. GoDaddy Inc. has a 52 week low of $23.88 and a 52 week high of $36.03. The company’s market capitalization is $5.46 billion.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The business earned $456.20 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned ($0.46) EPS. Equities analysts expect that GoDaddy Inc. will post ($0.04) earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC increased its stake in shares of GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock worth $109,000 after buying an additional 3,200 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of GoDaddy by 97.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,501 shares of the company’s stock worth $109,000 after buying an additional 1,732 shares during the period. Advisor Group Inc. purchased a new stake in shares of GoDaddy during the second quarter worth $113,000. Independent Portfolio Consultants Inc. increased its stake in shares of GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock worth $124,000 after buying an additional 425 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of GoDaddy by 8,301.9% in the second quarter. Legal & General Group Plc now owns 4,537 shares of the company’s stock worth $141,000 after buying an additional 4,483 shares during the period.
Several research analysts recently issued reports on GDDY shares. Zacks Investment Research lowered shares of GoDaddy from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Deutsche Bank AG increased their price target on shares of GoDaddy from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Vetr lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price target for the company. in a research report on Thursday, October 6th. Piper Jaffray Cos. reissued a “buy” rating and issued a $38.00 price target on shares of GoDaddy in a research report on Monday, July 18th. Finally, Royal Bank Of Canada raised their price objective on shares of GoDaddy from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $37.63.
GoDaddy Company Profile
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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