Insider Selling: Godaddy Inc (GDDY) Insider Sells 35,000 Shares of Stock
Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $50.79, for a total transaction of $1,777,650.00. Following the sale, the insider now owns 46,113 shares in the company, valued at approximately $2,342,079.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Godaddy Inc (GDDY) traded up $0.38 during midday trading on Thursday, reaching $51.30. 572,840 shares of the company’s stock traded hands, compared to its average volume of 1,132,480. Godaddy Inc has a 1 year low of $34.40 and a 1 year high of $51.49. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. The company has a market cap of $8,420.00 and a PE ratio of 394.62.
Several equities research analysts recently weighed in on GDDY shares. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 price objective on shares of Godaddy in a research note on Wednesday, November 22nd. William Blair assumed coverage on shares of Godaddy in a research report on Thursday, October 5th. They issued an “outperform” rating for the company. Piper Jaffray Companies upped their target price on shares of Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. Oppenheimer restated a “buy” rating on shares of Godaddy in a research report on Monday, November 20th. Finally, Wedbush assumed coverage on shares of Godaddy in a research report on Friday, December 8th. They issued a “neutral” rating and a $52.00 target price for the company. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Godaddy has an average rating of “Buy” and an average target price of $50.43.
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Godaddy Company Profile
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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