Godaddy Inc (NYSE:GDDY) COO Scott Wagner sold 125,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $47.12, for a total transaction of $5,890,000.00. Following the transaction, the chief operating officer now owns 128,106 shares in the company, valued at approximately $6,036,354.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Godaddy Inc (NYSE:GDDY) traded up $0.69 during trading hours on Thursday, reaching $46.78. 2,893,800 shares of the company traded hands, compared to its average volume of 1,238,443. The company has a market capitalization of $7,800.00 and a PE ratio of 148.68. Godaddy Inc has a twelve month low of $34.27 and a twelve month 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.

Several hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC grew its stake in shares of Godaddy by 55.8% during the 1st quarter. Teachers Advisors LLC now owns 96,501 shares of the technology company’s stock valued at $3,657,000 after purchasing an additional 34,575 shares during the period. Dimensional Fund Advisors LP increased its stake in Godaddy by 37.8% in the first quarter. Dimensional Fund Advisors LP now owns 139,990 shares of the technology company’s stock worth $5,305,000 after purchasing an additional 38,370 shares during the period. Morgan Stanley grew its position in shares of Godaddy by 101.2% during the 1st quarter. Morgan Stanley now owns 70,970 shares of the technology company’s stock worth $2,690,000 after buying an additional 35,700 shares in the last quarter. State Street Corp grew its position in shares of Godaddy by 6.2% during the 1st quarter. State Street Corp now owns 591,293 shares of the technology company’s stock worth $22,412,000 after buying an additional 34,704 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of Godaddy by 5.6% during the 2nd quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock worth $297,000 after buying an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 84.26% of the company’s stock.

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

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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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