GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of GoDaddy stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $42.03, for a total value of $1,471,050.00. Following the transaction, the insider now owns 54,741 shares of the company’s stock, valued at approximately $2,300,764.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of GoDaddy Inc. (NYSE GDDY) traded down 2.53% during midday trading on Thursday, hitting $41.19. The stock had a trading volume of 1,182,952 shares. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 324.33 and a beta of 0.65. GoDaddy Inc. has a 52 week low of $31.59 and a 52 week high of $45.26. The stock’s 50-day moving average price is $42.66 and its 200 day moving average price is $39.58.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The company had revenue of $557.80 million during the quarter, compared to analyst estimates of $551.26 million. During the same quarter last year, the business posted ($0.11) EPS. GoDaddy’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts forecast that GoDaddy Inc. will post $0.24 earnings per share for the current year.

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Several large investors have recently modified their holdings of GDDY. Public Employees Retirement Association of Colorado raised its stake in shares of 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 buying an additional 986 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after buying an additional 1,891 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of GoDaddy by 10.1% in the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock valued at $105,000 after buying an additional 250 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of GoDaddy during the second quarter valued at about $118,000. Finally, Sei Investments Co. raised its stake in shares of GoDaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after buying an additional 2,283 shares during the last quarter.

A number of equities analysts recently commented on GDDY shares. Cantor Fitzgerald lifted their price target on GoDaddy from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, May 3rd. BidaskClub cut GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the stock a “hold” rating in a report on Friday, June 23rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $50.00 price target (up previously from $46.00) on shares of GoDaddy in a report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. lifted their price target on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $45.86.

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)

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