Godaddy Inc (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $48.00, for a total value of $840,000.00. Following the transaction, the chief marketing officer now directly owns 32,896 shares in the company, valued at approximately $1,579,008. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Godaddy Inc (GDDY) traded up $0.76 during trading on Friday, hitting $48.97. The company had a trading volume of 2,301,900 shares, compared to its average volume of 1,252,297. Godaddy Inc has a 52 week low of $34.27 and a 52 week high of $51.29. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. The company has a market cap of $8,073.07, a price-to-earnings ratio of 156.19, a price-to-earnings-growth ratio of 8.77 and a beta of 0.65.
GDDY has been the subject of several recent research reports. B. Riley restated a “buy” rating and issued a $53.00 price target on shares of Godaddy in a research note on Monday, August 21st. J P Morgan Chase & Co cut Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 target price for the company. in a report on Tuesday. Wedbush began coverage on Godaddy in a report on Friday, December 8th. They issued a “neutral” rating and a $52.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Godaddy in a report on Wednesday, September 20th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $53.00 target price (up previously from $50.00) on shares of Godaddy in a report on Tuesday, November 7th. Six investment 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 company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $50.43.
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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