Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 39,314 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $47.09, for a total value of $1,851,296.26. Following the transaction, the insider now directly owns 28,613 shares of the company’s stock, valued at $1,347,386.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Godaddy Inc (NYSE:GDDY) traded up $0.69 during midday trading on Wednesday, reaching $46.78. The company’s stock had a trading volume of 2,893,837 shares, compared to its average volume of 1,238,443. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. Godaddy Inc has a one year low of $34.27 and a one year high of $51.29. The stock has a market capitalization of $7,889.66, a PE ratio of 152.65, a P/E/G ratio of 8.42 and a beta of 0.65.
A number of hedge funds and other institutional investors have recently modified their holdings of GDDY. Capital International Investors lifted its stake in Godaddy by 628.1% in the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after buying an additional 3,205,274 shares during the last quarter. FMR LLC grew its holdings in Godaddy by 40.9% during the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock worth $459,800,000 after acquiring an additional 3,148,349 shares during the period. Vanguard Group Inc. grew its holdings in Godaddy by 26.8% during the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock worth $320,434,000 after acquiring an additional 1,598,137 shares during the period. Marshall Wace North America L.P. grew its holdings in Godaddy by 280.7% during the second quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock worth $89,635,000 after acquiring an additional 1,573,572 shares during the period. Finally, Ameriprise Financial Inc. grew 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 valued at $52,668,000 after purchasing an additional 908,685 shares during the last quarter. Institutional investors own 84.26% of the company’s stock.
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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