Barbara J. Rechterman Sells 35,000 Shares of Godaddy Inc (NYSE:GDDY) Stock

Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $50.79, for a total transaction of $1,777,650.00. Following the sale, the insider now directly owns 46,113 shares of the company’s stock, valued at $2,342,079.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Godaddy Inc (GDDY) traded down $0.75 during mid-day trading on Friday, reaching $55.26. 1,524,105 shares of the company’s stock traded hands, compared to its average volume of 830,447. Godaddy Inc has a fifty-two week low of $34.58 and a fifty-two week high of $56.20. 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 $9,194.49, a price-to-earnings ratio of 212.55, a P/E/G ratio of 5.78 and a beta of 0.72.

Godaddy (NYSE:GDDY) last released its quarterly earnings data on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Godaddy had a net margin of 2.34% and a return on equity of 7.89%. research analysts anticipate that Godaddy Inc will post 0.27 EPS for the current fiscal year.

A number of analysts have recently issued reports on GDDY shares. Jefferies Group increased their price objective on shares of Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. B. Riley reissued a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research note on Wednesday, January 3rd. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. TheStreet raised shares of Godaddy from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, Wedbush began coverage on shares of Godaddy in a research note on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.80.

Several institutional investors have recently added to or reduced their stakes in GDDY. SG Americas Securities LLC bought a new stake in shares of Godaddy in the 2nd quarter worth about $118,000. Bank of New York Mellon Corp lifted its holdings in shares of Godaddy by 49.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,510 shares of the technology company’s stock worth $10,371,000 after acquiring an additional 81,149 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Godaddy by 32.0% in the 2nd quarter. Legal & General Group Plc now owns 22,529 shares of the technology company’s stock worth $956,000 after acquiring an additional 5,456 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Godaddy by 132.3% in the 2nd quarter. American Century Companies Inc. now owns 13,885 shares of the technology company’s stock worth $589,000 after acquiring an additional 7,908 shares during the last quarter. Finally, Utah Retirement Systems lifted its holdings in shares of Godaddy by 70.2% in the 2nd quarter. Utah Retirement Systems now owns 14,300 shares of the technology company’s stock worth $607,000 after acquiring an additional 5,900 shares during the last quarter. Hedge funds and other institutional investors own 84.35% 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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