Godaddy Inc (NYSE:GDDY) insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $50.79, for a total value of $1,777,650.00. Following the transaction, the insider now owns 46,113 shares in the company, valued at approximately $2,342,079.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Godaddy Inc (NYSE GDDY) opened at $51.43 on Friday. Godaddy Inc has a 52 week low of $34.40 and a 52 week high of $51.70. The firm has a market capitalization of $8,560.00 and a PE ratio of 395.62. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of Godaddy by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after acquiring an additional 397 shares during the last quarter. Symphony Asset Management LLC grew its stake in shares of Godaddy by 4.0% during the second quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock worth $553,000 after acquiring an additional 501 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Godaddy by 6.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock worth $493,000 after acquiring an additional 728 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Godaddy by 49.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock worth $160,000 after acquiring an additional 1,213 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of Godaddy by 23.3% during the third quarter. Aperio Group LLC now owns 8,624 shares of the technology company’s stock worth $375,000 after acquiring an additional 1,631 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

GDDY has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lowered Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research note on Tuesday, December 12th. Wedbush initiated coverage on Godaddy in a research note on Friday, December 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, November 22nd. Finally, Oppenheimer reiterated a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price 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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