Godaddy Inc (NYSE:GDDY) Insider Barbara J. Rechterman Sells 35,000 Shares

Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $62.88, for a total value of $2,200,800.00. Following the completion of the sale, the insider now owns 88,295 shares of the company’s stock, valued at approximately $5,551,989.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:GDDY opened at $59.86 on Friday. The company has a market capitalization of $10,232.16, a PE ratio of 142.52, a P/E/G ratio of 7.27 and a beta of 0.55. Godaddy Inc has a 1 year low of $36.02 and a 1 year high of $64.49. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.59 and a quick ratio of 0.59.

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Godaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $602.20 million during the quarter, compared to analyst estimates of $593.47 million. Godaddy had a return on equity of 9.87% and a net margin of 6.45%. research analysts expect that Godaddy Inc will post 0.42 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Technology Crossover Management VII Ltd. lifted its stake in shares of Godaddy by 263.1% during the 4th quarter. Technology Crossover Management VII Ltd. now owns 25,790,717 shares of the technology company’s stock worth $1,296,757,000 after acquiring an additional 18,688,095 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Godaddy by 15.0% during the 4th quarter. BlackRock Inc. now owns 5,029,012 shares of the technology company’s stock worth $252,860,000 after acquiring an additional 654,239 shares during the last quarter. Capital International Investors lifted its stake in shares of Godaddy by 628.1% during the 3rd quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock worth $161,665,000 after acquiring an additional 3,205,274 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Godaddy by 26.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,992,900 shares of the technology company’s stock worth $150,483,000 after acquiring an additional 619,500 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Godaddy by 5.2% during the 4th quarter. First Trust Advisors LP now owns 2,770,644 shares of the technology company’s stock worth $139,308,000 after acquiring an additional 136,115 shares during the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the company. ValuEngine upgraded Godaddy from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. William Blair restated a “buy” rating on shares of Godaddy in a research report on Monday, April 2nd. JMP Securities increased their target price on Godaddy from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, April 2nd. Summit Insights reiterated a “hold” rating on shares of Godaddy in a research report on Wednesday, March 28th. Finally, SunTrust Banks reiterated a “buy” rating and set a $75.00 target price on shares of Godaddy in a research report on Thursday, March 29th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $61.63.

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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.

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

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