GoDaddy Inc. (NYSE:GDDY) CMO Barbara J. Rechterman sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $42.21, for a total value of $738,675.00. Following the sale, the chief marketing officer now directly owns 54,741 shares of the company’s stock, valued at $2,310,617.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
GoDaddy Inc. (GDDY) opened at 42.45 on Wednesday. The company’s 50-day moving average price is $42.75 and its 200 day moving average price is $39.15. GoDaddy Inc. has a 52 week low of $31.59 and a 52 week high of $44.22. The stock’s market capitalization is $3.85 billion.
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A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $45.00 target price on shares of GoDaddy in a research report on Sunday, April 16th. BidaskClub lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered GoDaddy from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Barclays PLC lifted their target price on GoDaddy from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 price target (up from $46.00) on shares of GoDaddy in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.75.
Several large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado raised its stake in shares of GoDaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after buying an additional 986 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock worth $105,000 after buying an additional 1,891 shares during the period. Parallel Advisors LLC raised its stake in shares of GoDaddy by 10.1% in the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock worth $105,000 after buying an additional 250 shares during the period. SG Americas Securities LLC bought a new stake in shares of GoDaddy during the second quarter worth about $118,000. Finally, Sei Investments Co. raised its stake in shares of GoDaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock worth $158,000 after buying an additional 2,283 shares during the period.
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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