Barbara J. Rechterman Sells 35,000 Shares of Godaddy Inc (GDDY) Stock

Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $52.97, for a total value of $1,853,950.00. Following the completion of the transaction, the insider now owns 46,113 shares of the company’s stock, valued at $2,442,605.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Godaddy Inc (NYSE:GDDY) traded down $2.41 during mid-day trading on Thursday, hitting $51.36. The stock had a trading volume of 1,674,739 shares, compared to its average volume of 1,010,000. The firm has a market capitalization of $8,550.00 and a PE ratio of 395.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy Inc has a 12 month low of $34.58 and a 12 month high of $56.20.

Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Godaddy had a return on equity of 7.89% and a net margin of 2.34%. equities analysts forecast that Godaddy Inc will post 0.27 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GDDY. Alliancebernstein L.P. increased its stake in shares of Godaddy by 158.0% in the second quarter. Alliancebernstein L.P. now owns 43,906 shares of the technology company’s stock valued at $1,862,000 after buying an additional 26,890 shares during the period. BlackRock Inc. grew its stake in Godaddy by 33.1% during the second quarter. BlackRock Inc. now owns 2,773,646 shares of the technology company’s stock worth $117,659,000 after purchasing an additional 689,501 shares during the period. New York State Common Retirement Fund grew its stake in Godaddy by 73.9% during the second quarter. New York State Common Retirement Fund now owns 174,458 shares of the technology company’s stock worth $7,401,000 after purchasing an additional 74,157 shares during the period. UBS Asset Management Americas Inc. grew its stake in Godaddy by 100.4% during the second quarter. UBS Asset Management Americas Inc. now owns 63,655 shares of the technology company’s stock worth $2,700,000 after purchasing an additional 31,885 shares during the period. Finally, Northern Trust Corp grew its stake in Godaddy by 23.9% during the second quarter. Northern Trust Corp now owns 343,642 shares of the technology company’s stock worth $14,577,000 after purchasing an additional 66,350 shares during the period. 84.66% of the stock is owned by institutional investors.

GDDY has been the subject of several research reports. B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research report on Thursday, October 26th. BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 28th. Royal Bank of Canada increased their target price on Godaddy from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. Stifel Nicolaus increased their target price on Godaddy from $41.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Finally, Oppenheimer reiterated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Godaddy in a research report on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $51.80.

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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.

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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