Godaddy Inc (GDDY) Insider Barbara J. Rechterman Sells 39,314 Shares

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.

A number of equities analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $53.00 price objective on shares of Godaddy in a research report on Wednesday, August 9th. Oppenheimer boosted their price objective on Godaddy from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Raymond James Financial boosted their price objective on Godaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Stifel Nicolaus set a $41.00 target price on Godaddy and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada boosted their target price on Godaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Four equities research 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 currently has an average rating of “Buy” and an average price target of $50.00.

ILLEGAL ACTIVITY WARNING: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://stocknewstimes.com/2017/12/06/godaddy-inc-gddy-insider-barbara-j-rechterman-sells-39314-shares.html.

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)

Receive News & Ratings for Godaddy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply