Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of Godaddy stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $40.61, for a total value of $1,421,350.00. Following the transaction, the insider now owns 68,108 shares in the company, valued at approximately $2,765,865.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Godaddy Inc (NYSE:GDDY) traded down 0.07% during mid-day trading on Thursday, reaching $41.42. 951,694 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $38.57 and a 200 day moving average price of $36.46. The stock’s market cap is $3.79 billion. Godaddy Inc has a 52 week low of $28.13 and a 52 week high of $41.81.

Godaddy (NYSE:GDDY) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $489.70 million for the quarter, compared to the consensus estimate of $487.77 million. Godaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. Equities research analysts predict that Godaddy Inc will post $0.19 EPS for the current year.

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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Several research analysts have recently commented on GDDY shares. Royal Bank of Canada reiterated an “outperform” rating on shares of Godaddy in a report on Thursday, February 16th. Cantor Fitzgerald restated a “buy” rating and issued a $42.00 price objective on shares of Godaddy in a report on Friday, January 27th. B. Riley restated a “buy” rating and issued a $45.00 price objective on shares of Godaddy in a report on Sunday, April 16th. Monness Crespi & Hardt restated a “buy” rating on shares of Godaddy in a report on Thursday, February 16th. Finally, Zacks Investment Research upgraded shares of Godaddy from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Godaddy currently has a consensus rating of “Buy” and a consensus target price of $41.83.

Institutional investors have recently added to or reduced their stakes in the company. Vista Equity Partners Management LLC increased its position in Godaddy by 5.5% in the third quarter. Vista Equity Partners Management LLC now owns 140,898 shares of the technology company’s stock worth $4,865,000 after buying an additional 7,408 shares during the period. Lazard Asset Management LLC purchased a new position in Godaddy during the third quarter worth approximately $4,069,000. United Services Automobile Association purchased a new position in Godaddy during the third quarter worth approximately $4,091,000. AMP Capital Investors Ltd increased its position in Godaddy by 107.0% in the third quarter. AMP Capital Investors Ltd now owns 15,864 shares of the technology company’s stock worth $542,000 after buying an additional 8,200 shares during the period. Finally, Profund Advisors LLC increased its position in Godaddy by 10.0% in the third quarter. Profund Advisors LLC now owns 23,252 shares of the technology company’s stock worth $803,000 after buying an additional 2,106 shares during the period.

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. 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.

12 Month Chart for NYSE:GDDY

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