Barbara J. Rechterman Sells 39,000 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the firm’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $33.89, for a total value of $1,321,710.00. Following the transaction, the insider now owns 69,650 shares in the company, valued at $2,360,438.50. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 34.75 on Tuesday. The company has a 50-day moving average price of $33.12 and a 200 day moving average price of $31.65. The stock’s market cap is $5.29 billion. GoDaddy Inc. has a one year low of $23.88 and a one year high of $35.53.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The firm earned $456.20 million during the quarter, compared to analysts’ expectations of $450.51 million. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. GoDaddy’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.46) earnings per share. Equities research analysts expect that GoDaddy Inc. will post ($0.04) earnings per share for the current year.
A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in GoDaddy by 64.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,038 shares of the company’s stock valued at $251,000 after buying an additional 3,146 shares during the period. Schwab Charles Investment Management Inc. increased its stake in GoDaddy by 79.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 324,665 shares of the company’s stock valued at $10,127,000 after buying an additional 143,288 shares during the period. Stifel Financial Corp bought a new stake in GoDaddy during the second quarter valued at approximately $897,000. Amalgamated Bank bought a new stake in GoDaddy during the second quarter valued at approximately $245,000. Finally, Legal & General Group Plc increased its stake in GoDaddy by 8,301.9% in the second quarter. Legal & General Group Plc now owns 4,537 shares of the company’s stock valued at $141,000 after buying an additional 4,483 shares during the period.
Several equities analysts have weighed in on GDDY shares. Citigroup Inc. cut GoDaddy from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Tuesday, June 7th. Raymond James Financial Inc. started coverage on GoDaddy in a research note on Tuesday, June 14th. They set an “outperform” rating and a $37.00 price objective on the stock. Zacks Investment Research cut GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Piper Jaffray Cos. restated a “buy” rating and set a $38.00 price objective on shares of GoDaddy in a research note on Monday, July 18th. Finally, B. Riley restated a “neutral” rating and set a $33.50 price objective on shares of GoDaddy in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $37.18.
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. The Company 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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