Insider Selling: GoDaddy Inc. (GDDY) Insider Sells 35,000 Shares of Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $43.48, for a total value of $1,521,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of GoDaddy Inc. (GDDY) traded up 0.46% during trading on Thursday, hitting $43.61. The stock had a trading volume of 1,733,107 shares. GoDaddy Inc. has a 52 week low of $31.63 and a 52 week high of $45.37. The stock’s 50 day moving average is $43.85 and its 200 day moving average is $43.85. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 343.39 and a beta of 0.62.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The firm had revenue of $557.80 million during the quarter, compared to analysts’ expectations of $551.26 million. During the same quarter in the previous year, the company posted ($0.11) EPS. GoDaddy’s revenue was up 22.3% on a year-over-year basis. On average, equities research analysts expect that GoDaddy Inc. will post $0.33 earnings per share for the current fiscal year.
Several research firms recently commented on GDDY. BidaskClub upgraded GoDaddy from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Jefferies Group LLC restated a “buy” rating and issued a $55.00 target price on shares of GoDaddy in a research report on Wednesday, September 20th. Stifel Nicolaus set a $41.00 target price on GoDaddy and gave the company a “hold” rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. raised their target price on GoDaddy from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Finally, B. Riley restated a “buy” rating and issued a $53.00 target price on shares of GoDaddy in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. GoDaddy presently has a consensus rating of “Buy” and an average target price of $46.86.
A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its position in shares of GoDaddy by 66.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after acquiring an additional 986 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of GoDaddy by 215.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,891 shares during the last quarter. Parallel Advisors LLC raised its position in shares of GoDaddy by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock valued at $105,000 after acquiring an additional 250 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of GoDaddy during the 2nd quarter valued at $118,000. Finally, Sei Investments Co. raised its position in shares of GoDaddy by 160.4% during the 2nd quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after acquiring an additional 2,283 shares during the last quarter. Hedge funds and other institutional investors own 77.95% 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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