Investors Buy Large Volume of Godaddy Call Options (GDDY)

Godaddy Inc (NYSE:GDDY) saw some unusual options trading on Monday. Traders purchased 4,062 call options on the stock. This represents an increase of approximately 2,887% compared to the typical daily volume of 136 call options.

A number of equities research analysts have recently weighed in on GDDY shares. Royal Bank of Canada restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a research note on Wednesday, November 22nd. Piper Jaffray Companies boosted their price target on Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, November 13th. Morgan Stanley boosted their price target on Godaddy from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Oppenheimer restated a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Finally, Wedbush started coverage on Godaddy in a research note on Friday, December 8th. They set a “neutral” rating and a $52.00 price target on the stock. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $52.86.

In other news, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $54.58, for a total transaction of $1,910,300.00. Following the sale, the insider now owns 46,113 shares in the company, valued at $2,516,847.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Barbara J. Rechterman sold 4,314 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $47.58, for a total value of $205,260.12. Following the sale, the chief marketing officer now owns 28,613 shares in the company, valued at approximately $1,361,406.54. The disclosure for this sale can be found here. Insiders sold 7,789,449 shares of company stock worth $369,124,793 in the last quarter. 22.68% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. acquired a new position in Godaddy in the fourth quarter valued at approximately $150,000. QS Investors LLC acquired a new position in Godaddy in the fourth quarter valued at approximately $156,000. Public Employees Retirement Association of Colorado lifted its holdings in Godaddy by 49.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after acquiring an additional 1,213 shares during the period. AXA acquired a new position in Godaddy in the fourth quarter valued at approximately $201,000. Finally, US Bancorp DE lifted its holdings in Godaddy by 10,297.6% in the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after acquiring an additional 4,222 shares during the period. 84.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Godaddy (NYSE:GDDY) opened at $55.78 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy has a twelve month low of $35.72 and a twelve month high of $56.20. The company has a market capitalization of $9,281.01, a PE ratio of 214.55, a P/E/G ratio of 5.83 and a beta of 0.72.

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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.

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