Barbara J. Rechterman Sells 35000 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

Xavier Trudeau
Août 13, 2017

Royal Bank Of Canada boosted their target price on shares of GoDaddy from $44.00 to $47.00 and gave the stock an "outperform" rating in a research report on Wednesday. Oppenheimer Holdings, Inc. lifted their price target on shares of GoDaddy from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Cantor Fitzgerald reiterated a "hold" rating on shares of GoDaddy in a report on Monday, June 26th. Raymond James Financial, Inc. upped their price target on GoDaddy from $47.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday. Stifel Nicolaus set a $41.00 price objective on shares of GoDaddy and gave the stock a "hold" rating in a research report on Wednesday. GoDaddy has a consensus rating of "Buy" and a consensus price target of $44.85. (NYSE GDDY) opened at 41.56 on Friday. Rechterman now owns $1,605,460 of the stock according to the SEC filing.

GoDaddy Inc. has a one year low of $31.59 and a one year high of $45.26. The firm has a 50-day moving average of $42.74 and a 200-day moving average of $39.41. GoDaddy Inc. The firm has a market cap of $4.60 billion, a P/E ratio of 327.24 and a beta of 0.65.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.10. GoDaddy had a negative net margin of 0.28% and a positive return on equity of 0.73%. The company had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. During the same period in the previous year, the business earned ($0.11) EPS. GoDaddy's revenue for the quarter was up 22.3% on a year-over-year basis. Analysts predict that GoDaddy Inc. will post $0.21 earnings per share for the current fiscal year.

GoDaddy Inc., launched on May 28, 2014, is a technology provider to small businesses, Web design professionals and individuals. "(GDDY)" was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. Following the transaction, the chief operating officer now owns 11,106 shares of the company's stock, valued at approximately $441,352.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/12/insider-selling-godaddy-inc-gddy-insider-sells-35000-shares-of-stock.html. The shares were sold at an average price of $42.21, for a total transaction of $738,675.00. Dimensional Fund Advisors Lp now owns 151,150 shares valued at $6,412,000. The disclosure for this sale can be found here. Insiders have sold 706,456 shares of company stock worth $29,729,339 over the last ninety days.

Want to see what other hedge funds are holding GDDY? Public Employees Retirement Association of Colorado boosted its stake 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 worth $104,000 after buying an additional 986 shares during the period. Parallel Advisors LLC boosted its stake in shares of GoDaddy by 10.1% in the first quarter. Profund Advisors LLC now owns 25,770 shares of the technology company's stock valued at $977,000 after buying an additional 3,250 shares during the period.

As of quarter end Profund Advisors LLC had bought a total of 4,475 shares growing its position 17.4%. Parallel Advisors LLC now owns 2,721 shares of the technology company's stock worth $105,000 after buying an additional 250 shares during the period. Finally, Laurion Capital Management LP acquired a new position in GoDaddy during the second quarter worth approximately $33,449,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of GoDaddy by 5.0% in the fourth quarter. Inc. now owns 146,518 shares of the technology company's stock valued at $6,432,000 after buying an additional 96,637 shares in the last quarter.

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