Godaddy Inc (GDDY) CMO Barbara J. Rechterman Sells 4,314 Shares

Godaddy Inc (NYSE:GDDY) CMO Barbara J. Rechterman sold 4,314 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $47.58, for a total transaction of $205,260.12. Following the completion of the transaction, the chief marketing officer now owns 28,613 shares of the company’s stock, valued at $1,361,406.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Godaddy Inc (GDDY) traded up $0.69 during trading hours on Wednesday, reaching $46.78. 2,893,837 shares of the company were exchanged, compared to its average volume of 1,238,443. The company has a market capitalization of $7,889.66, a PE ratio of 152.65, a price-to-earnings-growth ratio of 8.42 and a beta of 0.65. Godaddy Inc has a 1 year low of $34.27 and a 1 year high of $51.29. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15.

Several research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a report on Tuesday, November 7th. BidaskClub upgraded shares of Godaddy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 28th. Piper Jaffray Companies raised their target price on shares of Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, November 13th. Deutsche Bank raised their target price on shares of Godaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Jefferies Group restated a “buy” rating and set a $55.00 target price on shares of Godaddy in a report on Wednesday, September 20th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Godaddy has an average rating of “Buy” and an average price target of $50.00.

Several large investors have recently modified their holdings of GDDY. Public Employees Retirement Association of Colorado lifted its position in shares of Godaddy by 66.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after acquiring an additional 986 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Godaddy in the 2nd quarter valued at approximately $118,000. Sei Investments Co. lifted its position in shares of Godaddy by 160.4% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Godaddy by 142.6% in the 2nd 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 in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Godaddy in the 2nd quarter valued at approximately $210,000. Institutional investors and hedge funds 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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