GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $49.83, for a total transaction of $1,744,050.00. Following the transaction, the insider now directly owns 50,427 shares in the company, valued at $2,512,777.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GoDaddy Inc. (NYSE GDDY) traded down $0.13 during midday trading on Thursday, reaching $48.65. 1,090,777 shares of the company’s stock traded hands, compared to its average volume of 1,205,418. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15. GoDaddy Inc. has a fifty-two week low of $33.06 and a fifty-two week high of $51.29. The stock has a market capitalization of $8,110.00 and a price-to-earnings ratio of 162.74.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in GoDaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock worth $459,800,000 after purchasing an additional 3,148,349 shares during the last quarter. Vanguard Group Inc. grew its holdings in GoDaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock worth $320,434,000 after purchasing an additional 1,598,137 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in GoDaddy by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 6,206,386 shares of the technology company’s stock worth $263,274,000 after purchasing an additional 387,731 shares during the last quarter. Capital International Investors grew its holdings in GoDaddy by 628.1% in the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock worth $161,665,000 after purchasing an additional 3,205,274 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in GoDaddy by 33.1% in 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 last quarter. 84.25% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on GDDY. B. Riley reissued a “buy” rating and set a $53.00 price objective on shares of GoDaddy in a report on Saturday, August 26th. Stifel Nicolaus set a $41.00 price objective on shares of GoDaddy and gave the company a “hold” rating in a report on Wednesday, August 9th. TheStreet raised shares of GoDaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. SunTrust Banks began coverage on shares of GoDaddy in a report on Tuesday, August 15th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Deutsche Bank lifted their price objective on shares of GoDaddy from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, August 14th. Four investment 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’s stock. GoDaddy currently has an average rating of “Buy” and an average target price of $49.38.

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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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