The Barbara J. Rechterman Sells 58,526 Shares of GoDaddy Inc. (GDDY) Stock

The Barbara J. Rechterman Sells 58,526 Shares of GoDaddy Inc. (GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 58,526 shares of the stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $35.12, for a total value of $2,055,433.12. Following the transaction, the insider now owns 65,369 shares in the company, valued at approximately $2,295,759.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.20 on Monday. The firm’s market capitalization is $3.08 billion. GoDaddy Inc. has a 52 week low of $23.88 and a 52 week high of $37.40. The stock’s 50 day moving average price is $35.29 and its 200-day moving average price is $33.54.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. GoDaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. The firm had revenue of $472.10 million for the quarter, compared to analysts’ expectations of $470.07 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts predict that GoDaddy Inc. will post ($0.05) earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in GDDY. Strategic Global Advisors LLC raised its stake in GoDaddy by 0.3% in the third quarter. Strategic Global Advisors LLC now owns 10,459 shares of the company’s stock worth $326,000 after buying an additional 33 shares during the last quarter. Blue Rock Advisors LLC raised its stake in GoDaddy by 0.6% in the third quarter. Blue Rock Advisors LLC now owns 11,415 shares of the company’s stock worth $394,000 after buying an additional 68 shares during the last quarter. Mackenzie Financial Corp raised its stake in GoDaddy by 0.7% in the second quarter. Mackenzie Financial Corp now owns 28,600 shares of the company’s stock worth $892,000 after buying an additional 200 shares during the last quarter. Penn Capital Management Co. Inc. raised its stake in GoDaddy by 0.3% in the second quarter. Penn Capital Management Co. Inc. now owns 254,048 shares of the company’s stock worth $7,964,000 after buying an additional 665 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in GoDaddy by 1.0% in the third quarter. California State Teachers Retirement System now owns 99,327 shares of the company’s stock worth $3,430,000 after buying an additional 1,000 shares during the last quarter.

Several research firms have weighed in on GDDY. B. Riley upgraded GoDaddy to a “buy” rating and set a $45.00 price objective on the stock in a research report on Sunday, November 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $43.00 price objective on shares of GoDaddy in a research report on Friday, December 9th. Piper Jaffray Cos. restated an “overweight” rating and issued a $50.00 price target (up previously from $40.00) on shares of GoDaddy in a research report on Monday, October 24th. TheStreet upgraded GoDaddy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $40.00 price target on shares of GoDaddy in a research report on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.36.

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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