Godaddy Inc (NYSE:GDDY) CMO Sells $880,775.00 in Stock

Godaddy Inc (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $50.33, for a total transaction of $880,775.00. Following the transaction, the chief marketing officer now owns 46,113 shares in the company, valued at $2,320,867.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Godaddy Inc (NYSE:GDDY) opened at $51.30 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15. The company has a market capitalization of $8,540.00 and a price-to-earnings ratio of 394.62. Godaddy Inc has a 52 week low of $34.40 and a 52 week high of $51.49.

GDDY has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Godaddy in a research report on Wednesday, November 22nd. William Blair initiated coverage on Godaddy in a research note on Thursday, October 5th. They set an “outperform” rating for the company. Piper Jaffray Companies increased their price objective on Godaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, November 13th. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Finally, Wedbush initiated coverage on Godaddy in a research note on Friday, December 8th. They set a “neutral” rating and a $52.00 price objective for the company. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Godaddy currently has an average rating of “Buy” and a consensus target price of $50.43.

A number of institutional investors and hedge funds have recently bought and sold shares of GDDY. Capital International Investors raised its holdings in Godaddy by 628.1% in the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock worth $161,665,000 after purchasing an additional 3,205,274 shares in the last quarter. FMR LLC raised its holdings in Godaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock worth $459,800,000 after purchasing an additional 3,148,349 shares in the last quarter. Vanguard Group Inc. raised its holdings in Godaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock worth $320,434,000 after purchasing an additional 1,598,137 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Godaddy by 273.0% in the second quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock worth $52,668,000 after purchasing an additional 908,685 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Godaddy by 48.2% in the third quarter. First Trust Advisors LP now owns 2,634,529 shares of the technology company’s stock worth $114,628,000 after purchasing an additional 856,259 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

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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)

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