Insider Selling: Godaddy Inc (GDDY) CMO Sells 17,500 Shares of Stock
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.
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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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