Barbara J. Rechterman Sells 35,000 Shares of GoDaddy Inc. (GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $43.67, for a total transaction of $1,528,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

GoDaddy Inc. (NYSE:GDDY) traded up 0.48% during trading on Thursday, hitting $44.13. 808,232 shares of the stock were exchanged. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 347.48 and a beta of 0.62. GoDaddy Inc. has a 52 week low of $31.63 and a 52 week high of $45.37. The firm has a 50-day moving average of $43.87 and a 200-day moving average of $43.87.

GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.10. The company had revenue of $557.80 million during the quarter, compared to analysts’ expectations of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. GoDaddy’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Equities research analysts anticipate that GoDaddy Inc. will post $0.30 earnings per share for the current fiscal year.

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GDDY has been the subject of a number of research reports. B. Riley reissued a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a report on Wednesday, July 19th. BidaskClub downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Deutsche Bank AG increased their price target on shares of GoDaddy from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, August 14th. SunTrust Banks, Inc. initiated coverage on shares of GoDaddy in a report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 price target for the company. Finally, Jefferies Group LLC initiated coverage on shares of GoDaddy in a report on Thursday, August 24th. They issued a “buy” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $47.46.

Several institutional investors have recently made changes to their positions in GDDY. Public Employees Retirement Association of Colorado boosted its position 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 acquiring an additional 986 shares during the period. BNP Paribas Arbitrage SA boosted its position 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 acquiring an additional 1,891 shares during the period. SG Americas Securities LLC bought a new stake in shares of GoDaddy in the second quarter valued at about $118,000. Sei Investments Co. boosted its position 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 acquiring an additional 2,283 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GoDaddy by 142.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock valued at $195,000 after acquiring an additional 2,707 shares during the period. 77.95% of the stock is owned by institutional investors.

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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