GoDaddy Inc. (NYSE:GDDY) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 4,467 put options on the stock. This is an increase of 2,203% compared to the average daily volume of 194 put options.

In other GoDaddy news, EVP James M. Carroll sold 24,480 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $44.60, for a total value of $1,091,808.00. Following the completion of the transaction, the executive vice president now directly owns 25,231 shares of the company’s stock, valued at $1,125,302.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Barbara J. Rechterman sold 21,814 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $44.65, for a total transaction of $973,995.10. Following the completion of the sale, the chief marketing officer now directly owns 54,741 shares in the company, valued at approximately $2,444,185.65. The disclosure for this sale can be found here. Insiders have sold a total of 12,313,924 shares of company stock valued at $539,801,366 over the last three months. 22.68% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Aperio Group LLC lifted its stake in GoDaddy by 5.6% during the 2nd quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock valued at $297,000 after acquiring an additional 373 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in GoDaddy by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after acquiring an additional 397 shares in the last quarter. Symphony Asset Management LLC lifted its stake in GoDaddy by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock valued at $553,000 after acquiring an additional 501 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in GoDaddy by 6.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock valued at $493,000 after acquiring an additional 728 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in GoDaddy by 66.8% during 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. Institutional investors and hedge funds own 84.25% of the company’s stock.

GDDY has been the subject of several recent analyst reports. TheStreet raised shares of GoDaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. BidaskClub raised shares of GoDaddy from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. B. Riley reaffirmed a “buy” rating and set a $53.00 price objective on shares of GoDaddy in a research report on Saturday, August 26th. Jefferies Group assumed coverage on shares of GoDaddy in a research report on Thursday, August 24th. They issued a “buy” rating and a $55.00 price target for the company. Finally, SunTrust Banks assumed coverage on shares of GoDaddy in a research report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 price target for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $49.38.

Shares of GoDaddy (NYSE GDDY) opened at $48.65 on Friday. GoDaddy has a 52-week low of $33.06 and a 52-week high of $51.29. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $8,110.00 and a price-to-earnings ratio of 162.74.

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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.

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