Today, 39,000 Shares of GoDaddy Inc. (GDDY) Stock are sold by Barbara J. Rechterman

Today, 39,000 Shares of GoDaddy Inc. (GDDY) Stock are sold by Barbara J. Rechterman

GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $36.21, for a total transaction of $1,412,190.00. Following the transaction, the insider now directly owns 69,650 shares in the company, valued at approximately $2,522,026.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

GoDaddy Inc. (NYSE:GDDY) opened at 36.45 on Friday. The stock has a 50 day moving average of $34.94 and a 200 day moving average of $32.67. GoDaddy Inc. has a 52 week low of $23.88 and a 52 week high of $36.96. The stock’s market capitalization is $3.19 billion.

GoDaddy (NYSE:GDDY) last announced its earnings results on Wednesday, November 2nd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. GoDaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. The company earned $472.10 million during the quarter, compared to analysts’ expectations of $470.07 million. During the same period last year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts predict that GoDaddy Inc. will post ($0.04) earnings per share for the current fiscal year.

Several equities analysts recently issued reports on GDDY shares. Monness Crespi & Hardt downgraded shares of GoDaddy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. They noted that the move was a valuation call. Piper Jaffray Cos. reissued an “overweight” rating and set a $50.00 price objective (up previously from $40.00) on shares of GoDaddy in a research note on Monday, October 24th. Vetr downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price objective on the stock. in a research note on Thursday, October 6th. Zacks Investment Research raised shares of GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, October 5th. Finally, Deutsche Bank AG upped their price objective on shares of GoDaddy from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. GoDaddy presently has an average rating of “Buy” and an average target price of $40.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG boosted its position in shares of GoDaddy by 0.6% in the first quarter. UBS Group AG now owns 22,573 shares of the company’s stock valued at $729,000 after buying an additional 140 shares during the last quarter. Wellington Management Group LLP boosted its stake in GoDaddy by 266.8% in the first quarter. Wellington Management Group LLP now owns 776,803 shares of the company’s stock valued at $25,114,000 after buying an additional 565,022 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in GoDaddy during the first quarter valued at approximately $963,000. Independent Portfolio Consultants Inc. boosted its stake in GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock valued at $124,000 after buying an additional 425 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in GoDaddy during the second quarter valued at approximately $415,000.

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