Barbara J. Rechterman Sells 35,000 Shares of GoDaddy Inc. (GDDY) Stock
GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $50.49, for a total value of $1,767,150.00. Following the transaction, the insider now owns 50,427 shares in the company, valued at $2,546,059.23. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of GoDaddy Inc. (NYSE GDDY) opened at $50.43 on Friday. The company has a market cap of $8,408.19, a P/E ratio of 162.68, a PEG ratio of 8.97 and a beta of 0.64. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. GoDaddy Inc. has a 12-month low of $33.06 and a 12-month high of $50.80.
Several research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $53.00 target price on shares of GoDaddy in a report on Wednesday. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of GoDaddy in a report on Monday. Piper Jaffray Companies boosted their target price on GoDaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, November 13th. TheStreet upgraded GoDaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded GoDaddy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Four 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $49.38.
Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in GoDaddy by 62.5% in the third quarter. Public Employees Retirement System of Ohio now owns 49,376 shares of the technology company’s stock valued at $2,148,000 after purchasing an additional 18,987 shares during the period. GSA Capital Partners LLP raised its position in GoDaddy by 57.4% in the third quarter. GSA Capital Partners LLP now owns 25,302 shares of the technology company’s stock valued at $1,101,000 after purchasing an additional 9,223 shares during the period. California Public Employees Retirement System raised its position in GoDaddy by 2.3% in the third quarter. California Public Employees Retirement System now owns 125,600 shares of the technology company’s stock valued at $5,465,000 after purchasing an additional 2,800 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in GoDaddy in the third quarter valued at approximately $1,101,000. Finally, Crestline Management LP purchased a new stake in GoDaddy in the third quarter valued at approximately $3,976,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.