GoDaddy Inc. (GDDY) Insider Sells $1,537,550.00 in Stock

GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $43.93, for a total transaction of $1,537,550.00. Following the transaction, the insider now directly owns 50,427 shares in the company, valued at $2,215,258.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

GoDaddy Inc. (NYSE:GDDY) traded up 1.73% during midday trading on Friday, reaching $46.54. 1,718,203 shares of the company were exchanged. GoDaddy Inc. has a 52-week low of $31.63 and a 52-week high of $46.55. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 366.46 and a beta of 0.62. The firm’s 50-day moving average price is $44.19 and its 200 day moving average price is $44.19.



GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $557.80 million for the quarter, compared to analyst estimates of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. GoDaddy’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS. Equities analysts predict that GoDaddy Inc. will post $0.30 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “GoDaddy Inc. (GDDY) Insider Sells $1,537,550.00 in Stock” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dispatchtribunal.com/2017/10/28/godaddy-inc-gddy-insider-sells-1537550-00-in-stock.html.

GDDY has been the subject of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $53.00 price objective on shares of GoDaddy in a research note on Wednesday, August 9th. Jefferies Group LLC initiated coverage on shares of GoDaddy in a research note on Thursday, August 24th. They issued a “buy” rating and a $55.00 price objective for the company. Raymond James Financial, Inc. raised their price objective on shares of GoDaddy from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada raised their price objective on shares of GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded shares of GoDaddy from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. GoDaddy currently has an average rating of “Buy” and a consensus target price of $47.46.

Several hedge funds have recently made changes to their positions in the stock. Aperio Group LLC raised its position in GoDaddy by 5.6% in the second quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock valued at $297,000 after purchasing an additional 373 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in GoDaddy by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after purchasing an additional 397 shares during the last quarter. Symphony Asset Management LLC raised its position in GoDaddy by 4.0% in the second quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock valued at $553,000 after purchasing an additional 501 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in GoDaddy by 6.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock valued at $493,000 after purchasing an additional 728 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in GoDaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after purchasing an additional 986 shares during the last quarter. Institutional investors and hedge funds own 78.18% of the company’s stock.

About GoDaddy

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.

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

Receive News & Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply