GoDaddy Inc. (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $43.73, for a total transaction of $765,275.00. Following the completion of the transaction, the chief marketing officer now owns 50,427 shares of the company’s stock, valued at approximately $2,205,172.71. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of GoDaddy Inc. (NYSE:GDDY) traded up 0.23% during mid-day trading on Friday, reaching $44.23. 1,473,229 shares of the company were exchanged. The company’s 50-day moving average is $43.89 and its 200 day moving average is $43.89. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 348.27 and a beta of 0.62. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $45.37.

GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The firm had revenue of $557.80 million during the quarter, compared to analyst estimates of $551.26 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. Analysts predict that GoDaddy Inc. will post $0.30 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://theolympiareport.com/2017/10/14/godaddy-inc-gddy-cmo-barbara-j-rechterman-sells-17500-shares.html.

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of GoDaddy by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 163,361 shares of the technology company’s stock valued at $6,192,000 after acquiring an additional 1,524 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of GoDaddy by 90.6% during the second quarter. Engineers Gate Manager LP now owns 114,274 shares of the technology company’s stock valued at $4,848,000 after acquiring an additional 54,328 shares during the period. Vanguard Group Inc. boosted its holdings in shares of GoDaddy by 6.8% during the first quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock valued at $225,720,000 after acquiring an additional 380,343 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of GoDaddy by 5.3% during the second quarter. Victory Capital Management Inc. now owns 1,629,173 shares of the technology company’s stock valued at $69,110,000 after acquiring an additional 81,509 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of GoDaddy by 16.1% during the first quarter. UBS Asset Management Americas Inc. now owns 31,770 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 4,403 shares during the period. Hedge funds and other institutional investors own 77.95% of the company’s stock.

GDDY has been the subject of several research analyst reports. Oppenheimer Holdings, Inc. upped their target price on shares of GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. Stifel Nicolaus set a $41.00 target price on shares of GoDaddy and gave the company a “hold” rating in a report on Friday, June 23rd. Cantor Fitzgerald restated a “hold” rating on shares of GoDaddy in a report on Monday, June 26th. Zacks Investment Research cut shares of GoDaddy from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, BidaskClub cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. GoDaddy currently has a consensus rating of “Buy” and a consensus price target of $47.46.

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.

Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

Receive News & Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.