Godaddy Inc (NYSE:GDDY) was the target of unusually large options trading on Monday. Stock investors purchased 4,278 call options on the company. This is an increase of 1,035% compared to the average daily volume of 377 call options.

In other news, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $43.05, for a total value of $1,506,750.00. Following the completion of the transaction, the insider now directly owns 50,427 shares of the company’s stock, valued at approximately $2,170,882.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert R. Parsons sold 5,817,338 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $43.71, for a total value of $254,275,843.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,313,924 shares of company stock valued at $539,801,366. 22.68% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aperio Group LLC boosted its position in Godaddy by 5.6% in the 2nd quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock valued at $297,000 after buying an additional 373 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Godaddy by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after buying an additional 397 shares during the last quarter. Symphony Asset Management LLC boosted its position in Godaddy by 4.0% in the 2nd quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock valued at $553,000 after buying an additional 501 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Godaddy by 6.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock valued at $493,000 after buying an additional 728 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Godaddy by 66.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after buying an additional 986 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.

Godaddy (NYSE GDDY) opened at $48.00 on Friday. The company has a market capitalization of $8,111.42, a price-to-earnings ratio of 156.93, a price-to-earnings-growth ratio of 8.65 and a beta of 0.65. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. Godaddy has a 12-month low of $33.06 and a 12-month high of $51.29.

A number of equities research analysts recently commented on the company. B. Riley restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a research report on Tuesday, November 7th. BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 28th. Piper Jaffray Companies increased their price target on Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. Deutsche Bank increased their price target on Godaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, Jefferies Group restated a “buy” rating and set a $55.00 price target on shares of Godaddy in a research report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Godaddy has an average rating of “Buy” and a consensus target price of $49.38.

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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.

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