Godaddy Inc (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of Godaddy stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $48.00, for a total transaction of $840,000.00. Following the completion of the sale, the chief marketing officer now owns 32,896 shares in the company, valued at $1,579,008. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Godaddy Inc (NYSE:GDDY) opened at $48.97 on Friday. The stock has a market cap of $8,147.92, a PE ratio of 157.97, a price-to-earnings-growth ratio of 8.87 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 Inc has a 52-week low of $34.27 and a 52-week high of $51.29.

A number of institutional investors have recently added to or reduced their stakes in the business. Capital International Investors lifted its position in shares of Godaddy by 628.1% in the 3rd 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 period. FMR LLC lifted its position in shares of Godaddy by 40.9% in the 2nd 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 period. Vanguard Group Inc. lifted its position in shares of Godaddy by 26.8% in the 2nd 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 period. Marshall Wace North America L.P. lifted its position in shares of Godaddy by 280.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock worth $89,635,000 after purchasing an additional 1,573,572 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Godaddy by 273.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock worth $52,668,000 after purchasing an additional 908,685 shares during the period. 84.26% of the stock is owned by institutional investors.

A number of brokerages have issued reports on GDDY. B. Riley reiterated a “buy” rating and issued a $53.00 price target on shares of Godaddy in a report on Saturday, August 26th. TheStreet upgraded shares of Godaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Oppenheimer restated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Godaddy in a report on Tuesday, November 7th. Stifel Nicolaus boosted their target price on shares of Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded shares of Godaddy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Godaddy presently has a consensus rating of “Buy” and an average price target of $50.43.

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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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