Barbara J. Rechterman Sells 35,000 Shares of Godaddy Inc (GDDY) Stock

Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $49.89, for a total transaction of $1,746,150.00. Following the sale, the insider now owns 46,113 shares in the company, valued at $2,300,577.57. The sale was disclosed in a filing with the SEC, which is available at this link.

Godaddy Inc (NYSE GDDY) opened at $50.28 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy Inc has a twelve month low of $34.38 and a twelve month high of $51.35. The company has a market cap of $8,322.63, a price-to-earnings ratio of 193.39, a P/E/G ratio of 9.06 and a beta of 0.65.

Several analysts have issued reports on GDDY shares. Jefferies Group increased their target price on shares of Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Tuesday, December 5th. BidaskClub upgraded shares of Godaddy from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Oppenheimer reiterated a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Finally, TheStreet upgraded shares of Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Godaddy presently has a consensus rating of “Buy” and a consensus price target of $50.43.

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Godaddy by 40.9% during the 2nd quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock valued at $459,800,000 after purchasing an additional 3,148,349 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Godaddy by 26.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after purchasing an additional 1,598,137 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Godaddy by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,206,386 shares of the technology company’s stock valued at $263,274,000 after purchasing an additional 387,731 shares during the last quarter. Capital International Investors grew its holdings in shares of Godaddy by 628.1% during the 3rd 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. Finally, BlackRock Inc. grew its holdings in shares of Godaddy by 33.1% during the 2nd quarter. BlackRock Inc. now owns 2,773,646 shares of the technology company’s stock valued at $117,659,000 after purchasing an additional 689,501 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

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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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