Trade Report: Today, GoDaddy Inc. (GDDY) Insider Sold $1,349,010.00 in Stock

Today, GoDaddy Inc. (GDDY) Insider Sold $1,349,010.00 in Stock

GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $34.59, for a total transaction of $1,349,010.00. Following the completion of the sale, the insider now directly owns 69,650 shares in the company, valued at approximately $2,409,193.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of GoDaddy Inc. (NYSE:GDDY) opened at 35.10 on Friday. The firm’s market cap is $5.35 billion. The company has a 50 day moving average of $33.31 and a 200-day moving average of $31.72. GoDaddy Inc. has a 12-month low of $23.88 and a 12-month high of $35.53.

GoDaddy (NYSE:GDDY) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The business earned $456.20 million during the quarter, compared to analysts’ expectations of $450.51 million. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. GoDaddy’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.46) EPS. Analysts predict that GoDaddy Inc. will post ($0.04) EPS for the current year.

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GDDY has been the topic of several analyst reports. Piper Jaffray Cos. set a $40.00 price objective on shares of GoDaddy and gave the stock a “buy” rating in a research note on Monday, September 19th. Zacks Investment Research cut shares of GoDaddy from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Summit Redstone initiated coverage on shares of GoDaddy in a research note on Monday. They issued a “buy” rating and a $41.00 price objective on the stock. Raymond James Financial Inc. initiated coverage on shares of GoDaddy in a research report on Tuesday, June 14th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Vetr cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price target on the stock. in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $37.63.

A number of institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock worth $109,000 after buying an additional 3,200 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of GoDaddy by 97.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,501 shares of the company’s stock worth $109,000 after buying an additional 1,732 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of GoDaddy during the second quarter worth approximately $113,000. Independent Portfolio Consultants Inc. raised its stake in shares of GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock worth $124,000 after buying an additional 425 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of GoDaddy by 8,301.9% in the second quarter. Legal & General Group Plc now owns 4,537 shares of the company’s stock worth $141,000 after buying an additional 4,483 shares during the period.

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