Godaddy Inc (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $49.27, for a total value of $862,225.00. Following the transaction, the chief marketing officer now owns 46,113 shares of the company’s stock, valued at $2,271,987.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Godaddy Inc (NYSE GDDY) traded up $0.54 during trading hours on Thursday, hitting $50.55. The stock had a trading volume of 1,229,276 shares, compared to its average volume of 1,617,300. The firm has a market capitalization of $8,410.00 and a price-to-earnings ratio of 388.85. 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 1-year low of $34.40 and a 1-year high of $51.35.

Several brokerages have recently issued reports on GDDY. Jefferies Group lifted their price objective on Godaddy from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. B. Riley reiterated a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research note on Wednesday. Oppenheimer reiterated a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. TheStreet upgraded Godaddy from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, Wedbush assumed coverage on Godaddy in a research note on Friday, December 8th. They set a “neutral” rating and a $52.00 target price for the company. Six 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. The stock has a consensus rating of “Buy” and a consensus price target of $50.43.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in Godaddy by 62.5% during the third quarter. Public Employees Retirement System of Ohio now owns 49,376 shares of the technology company’s stock worth $2,148,000 after acquiring an additional 18,987 shares during the period. GSA Capital Partners LLP grew its holdings in Godaddy by 57.4% during the third quarter. GSA Capital Partners LLP now owns 25,302 shares of the technology company’s stock worth $1,101,000 after acquiring an additional 9,223 shares during the period. California Public Employees Retirement System boosted its position in Godaddy by 2.3% during the third quarter. California Public Employees Retirement System now owns 125,600 shares of the technology company’s stock worth $5,465,000 after purchasing an additional 2,800 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Godaddy during the third quarter worth $1,101,000. Finally, Crestline Management LP purchased a new stake in Godaddy during the third quarter worth $3,976,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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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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