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 business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $46.54, for a total value of $1,628,900.00. Following the completion of the sale, the insider now directly owns 50,427 shares in the company, valued at approximately $2,346,872.58. The sale was disclosed in a legal filing with the SEC, which is available through this link.
GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.10. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The company had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. During the same quarter last year, the business posted ($0.11) EPS. GoDaddy’s revenue for the quarter was up 22.3% on a year-over-year basis.
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GDDY has been the topic of several recent analyst reports. William Blair initiated coverage on GoDaddy in a research note on Thursday, October 5th. They issued an “outperform” rating on the stock. BidaskClub lowered GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of GoDaddy in a research note on Saturday, August 26th. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price objective on shares of GoDaddy in a research note on Wednesday, September 20th. Finally, Zacks Investment Research lowered GoDaddy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. GoDaddy presently has an average rating of “Buy” and a consensus target price of $47.46.
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.
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