Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $62.88, for a total transaction of $2,200,800.00. Following the sale, the insider now directly owns 88,295 shares in the company, valued at approximately $5,551,989.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Godaddy Inc (NYSE:GDDY) traded down $0.73 on Friday, hitting $62.48. 701,021 shares of the stock traded hands, compared to its average volume of 1,348,960. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.59 and a quick ratio of 0.59. Godaddy Inc has a 1 year low of $35.74 and a 1 year high of $64.49. The stock has a market capitalization of $10,636.88, a PE ratio of 76.40, a price-to-earnings-growth ratio of 6.25 and a beta of 0.57.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Technology Crossover Management VII Ltd. raised its holdings in shares of Godaddy by 263.1% during the fourth quarter. Technology Crossover Management VII Ltd. now owns 25,790,717 shares of the technology company’s stock valued at $1,296,757,000 after purchasing an additional 18,688,095 shares during the last quarter. Capital International Investors raised its holdings in shares of Godaddy by 628.1% during the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after purchasing an additional 3,205,274 shares during the last quarter. Egerton Capital UK LLP purchased a new position in shares of Godaddy during the fourth quarter valued at approximately $47,953,000. BlackRock Inc. raised its holdings in shares of Godaddy by 15.0% during the fourth quarter. BlackRock Inc. now owns 5,029,012 shares of the technology company’s stock valued at $252,860,000 after purchasing an additional 654,239 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Godaddy by 26.1% during the fourth quarter. Renaissance Technologies LLC now owns 2,992,900 shares of the technology company’s stock valued at $150,483,000 after purchasing an additional 619,500 shares during the last quarter.
GDDY has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “buy” rating on shares of Godaddy in a report on Monday, November 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a report on Wednesday, November 22nd. B. Riley reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a report on Tuesday, December 5th. Wedbush initiated coverage on shares of Godaddy in a report on Friday, December 8th. They issued a “neutral” rating and a $52.00 target price for the company. Finally, JPMorgan Chase & Co. cut shares of Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 target price for the company. in a report on Tuesday, December 12th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Godaddy currently has an average rating of “Buy” and a consensus price target of $58.63.
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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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