GoDaddy Inc. (GDDY) Insider Sells $1,349,010.00 in Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $34.59, for a total transaction of $1,349,010.00. Following the completion of the sale, the insider now directly owns 69,650 shares in the company, valued at approximately $2,409,193.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.10 on Friday. The firm’s market cap is $5.35 billion. The company has a 50 day moving average of $33.31 and a 200-day moving average of $31.72. GoDaddy Inc. has a 12-month low of $23.88 and a 12-month high of $35.53.
GoDaddy (NYSE:GDDY) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.46) EPS. Analysts predict that GoDaddy Inc. will post ($0.04) EPS for the current year.
GDDY has been the topic of several analyst reports. Piper Jaffray Cos. set a $40.00 price objective on shares of GoDaddy and gave the stock a “buy” rating in a research note on Monday, September 19th. Zacks Investment Research cut shares of GoDaddy from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Summit Redstone initiated coverage on shares of GoDaddy in a research note on Monday. They issued a “buy” rating and a $41.00 price objective on the stock. Raymond James Financial Inc. initiated coverage on shares of GoDaddy in a research report on Tuesday, June 14th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Vetr cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price target on the stock. in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $37.63.
A number of institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock worth $109,000 after buying an additional 3,200 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of GoDaddy by 97.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,501 shares of the company’s stock worth $109,000 after buying an additional 1,732 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of GoDaddy during the second quarter worth approximately $113,000. Independent Portfolio Consultants Inc. raised its stake in shares of GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock worth $124,000 after buying an additional 425 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of GoDaddy by 8,301.9% in the second quarter. Legal & General Group Plc now owns 4,537 shares of the company’s stock worth $141,000 after buying an additional 4,483 shares during the period.
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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