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 completion of the transaction, the chief marketing officer now directly owns 46,113 shares in the company, valued at $2,271,987.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Godaddy Inc (GDDY) opened at $51.05 on Friday. Godaddy Inc has a 52-week low of $34.40 and a 52-week high of $51.35. The stock has a market capitalization of $8,494.00, a PE ratio of 196.35, a PEG ratio of 5.28 and a beta of 0.65. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57.

Several research analysts have commented on GDDY shares. Jefferies Group raised their price objective on Godaddy from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. B. Riley reissued a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research report on Wednesday. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research report on Monday, November 20th. TheStreet raised Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Finally, Wedbush started coverage on Godaddy in a research report on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.43.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of Godaddy by 66.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after acquiring an additional 986 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Godaddy during the second quarter worth about $118,000. Sei Investments Co. grew its stake in Godaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock worth $158,000 after purchasing an additional 2,283 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Godaddy by 142.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock worth $195,000 after purchasing an additional 2,707 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Godaddy by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after purchasing an additional 397 shares in the last quarter. 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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