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 company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $43.93, for a total value of $1,537,550.00. Following the completion of the sale, the insider now directly owns 50,427 shares in the company, valued at $2,215,258.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

GoDaddy Inc. (GDDY) opened at 45.00 on Friday. GoDaddy Inc. has a one year low of $31.63 and a one year high of $45.37. The stock has a market capitalization of $5.01 billion, a P/E ratio of 354.33 and a beta of 0.62. The stock has a 50 day moving average price of $43.95 and a 200-day moving average price of $43.95.

GoDaddy (NYSE:GDDY) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm 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 revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Analysts anticipate that GoDaddy Inc. will post $0.30 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/22/godaddy-inc-gddy-insider-sells-1537550-00-in-stock.html.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. upped their price target on GoDaddy from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. upped their price target on GoDaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada upped their price target on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.46.

A number of large investors have recently bought and sold shares of GDDY. FMR LLC increased its holdings in GoDaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after buying an additional 3,148,349 shares during the last quarter. Vanguard Group Inc. increased its holdings in GoDaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after buying an additional 1,598,137 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in GoDaddy by 280.7% in the second quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock valued at $89,635,000 after buying an additional 1,573,572 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in GoDaddy by 273.0% in the second quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock valued at $52,668,000 after buying an additional 908,685 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in GoDaddy in the second quarter valued at $33,449,000. 77.95% of the stock is currently owned by hedge funds and other institutional investors.

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.

GDDY) opened at 45.00 on Friday. GoDaddy Inc. has a one year low of $31.63 and a one year high of $45.37. The stock has a market capitalization of $5.01 billion, a P/E ratio of 354.33 and a beta of 0.62. The stock has a 50 day moving average price of $43.95 and a 200-day moving average price of $43.95.

GoDaddy (NYSE:GDDY) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.03 by $0.10. The firm 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 revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Analysts anticipate that GoDaddy Inc. will post $0.30 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/22/godaddy-inc-gddy-insider-sells-1537550-00-in-stock.html.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. upped their price target on GoDaddy from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. upped their price target on GoDaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada upped their price target on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.46.

A number of large investors have recently bought and sold shares of GDDY. FMR LLC increased its holdings in GoDaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after buying an additional 3,148,349 shares during the last quarter. Vanguard Group Inc. increased its holdings in GoDaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after buying an additional 1,598,137 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in GoDaddy by 280.7% in the second quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock valued at $89,635,000 after buying an additional 1,573,572 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in GoDaddy by 273.0% in the second quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock valued at $52,668,000 after buying an additional 908,685 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in GoDaddy in the second quarter valued at $33,449,000. 77.95% of the stock is currently owned by hedge funds and other institutional investors.

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)

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