Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $62.44, for a total value of $2,185,400.00. Following the completion of the transaction, the insider now directly owns 88,295 shares in the company, valued at approximately $5,513,139.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Godaddy Inc (NYSE GDDY) traded up $0.54 during trading on Friday, hitting $61.65. The company had a trading volume of 912,492 shares, compared to its average volume of 1,316,894. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.59 and a current ratio of 0.59. Godaddy Inc has a 12-month low of $35.74 and a 12-month high of $64.49. The stock has a market capitalization of $10,460.55, a P/E ratio of 75.18, a PEG ratio of 5.48 and a beta of 0.57.
A number of research firms have recently issued reports on GDDY. SunTrust Banks boosted their target price on Godaddy to $71.00 and gave the company a “buy” rating in a report on Friday. Goldman Sachs began coverage on Godaddy in a report on Friday. They issued a “buy” rating on the stock. Citigroup boosted their target price on Godaddy from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Morgan Stanley boosted their target price on Godaddy from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price (up previously from $44.00) on shares of Godaddy in a report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.94.
Several institutional investors have recently bought and sold shares of GDDY. Xact Kapitalforvaltning AB purchased a new stake in Godaddy during the fourth quarter worth $534,000. Envestnet Asset Management Inc. boosted its position in Godaddy by 53.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,394 shares of the technology company’s stock worth $472,000 after purchasing an additional 3,269 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Godaddy during the fourth quarter worth $628,000. Jane Street Group LLC boosted its position in Godaddy by 560.7% during the fourth quarter. Jane Street Group LLC now owns 127,520 shares of the technology company’s stock worth $6,412,000 after purchasing an additional 108,220 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Godaddy by 8.3% during the fourth quarter. LPL Financial LLC now owns 13,250 shares of the technology company’s stock worth $666,000 after purchasing an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.
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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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