Godaddy Inc. (GDDY) Files Form 4 Insider Selling : Barbara J Rechterman Sells 39,000 Shares

Godaddy Inc. (GDDY): Barbara J Rechterman , Chief Marketing Officer of Godaddy Inc. sold 39,000 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $32.24 per share for a total value of $1,257,344.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Matthew B. Kelpy (Chief Accounting Officer) sold 120 shares at $32.44 per share price.On Sep 9, 2016, James M. Carroll (EVP – International) sold 126 shares at $32.44 per share price.Also, On Sep 9, 2016, Blake Irving (Chief Executive Officer) sold 174 shares at $32.44 per share price.On Sep 9, 2016, Steven Aldrich (Chief Product Officer) sold 154 shares at $32.44 per share price.

Godaddy Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Godaddy Inc which led to swings in the share price. The shares opened for trading at $31.92 and hit $32.72 on the upside , eventually ending the session at $32.68, with a gain of 1.81% or 0.58 points. The heightened volatility saw the trading volume jump to 900,160 shares. The 52-week high of the share price is $35.35 and the company has a market cap of $5,285 M . The 52-week low of the share price is at $23.39.

Godaddy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Godaddy Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 39 from a previous price target of $36 .The Rating was issued on Aug 4, 2016.Godaddy Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $37 .The Rating was issued on Aug 4, 2016.

GoDaddy Inc. operates a Web domain marketplace The Company is a technology provider to small businesses Web design professionals and individuals delivering cloud-based products and outcome-driven personalized Customer Care. The Company operates domain marketplace where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence connect with their customers and manage their business operations. The Company’s products include domain hosting and presence and business applications.

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