Godaddy Inc (GDDY) CMO Sold $731,500.00 in Shares

Godaddy Inc (GDDY) CMO Sold $731,500.00 in Shares

Godaddy Inc (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $41.80, for a total transaction of $731,500.00. Following the completion of the sale, the chief marketing officer now directly owns 68,108 shares in the company, valued at $2,846,914.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Godaddy Inc (GDDY) traded up 0.0956% on Monday, hitting $42.0001. 46,419 shares of the stock traded hands. Godaddy Inc has a 52-week low of $28.13 and a 52-week high of $42.19. The firm’s market cap is $3.84 billion. The firm has a 50 day moving average price of $39.47 and a 200 day moving average price of $36.84.

Godaddy (NYSE:GDDY) last issued its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The business had revenue of $489.70 million for the quarter, compared to analysts’ expectations of $487.77 million. Godaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. On average, equities analysts forecast that Godaddy Inc will post $0.19 EPS for the current year.

A number of brokerages have commented on GDDY. B. Riley reiterated a “buy” rating and set a $45.00 price target on shares of Godaddy in a research report on Tuesday, April 11th. Summit Redstone cut shares of Godaddy from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a research report on Thursday, February 16th. Cantor Fitzgerald increased their price target on shares of Godaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, May 3rd. Barclays PLC began coverage on shares of Godaddy in a research report on Tuesday, March 28th. They set an “overweight” rating and a $45.00 price target on the stock. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $50.00 price target (up from $46.00) on shares of Godaddy in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.83.

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its position in 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 in the last quarter. BNP Paribas Arbitrage SA increased its position in 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 in the last quarter. 1st Global Advisors Inc. bought a new position in Godaddy during the first quarter valued at $216,000. Highbridge Capital Management LLC bought a new position in Godaddy during the fourth quarter valued at $223,000. Finally, Karp Capital Management Corp bought a new position in Godaddy during the first quarter valued at $251,000.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GDDY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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