Godaddy Inc (GDDY) CMO Barbara J. Rechterman Sells 17,500 Shares of Stock

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.

Several institutional investors have recently made changes to their positions in GDDY. Public Employees Retirement Association of Colorado raised its stake in shares of Godaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after purchasing an additional 986 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Godaddy during the second quarter valued at approximately $118,000. Sei Investments Co. increased its position in shares of Godaddy by 160.4% during the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after acquiring an additional 2,283 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Godaddy by 142.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock valued at $195,000 after acquiring an additional 2,707 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Godaddy during the second quarter valued at approximately $210,000. Institutional investors own 84.26% of the company’s stock.

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About Godaddy

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.

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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