Godaddy Inc. (GDDY): Barbara J Rechterman , Chief Marketing Officer of Godaddy Inc. sold 20,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $32.06 per share for a total value of $641,288.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Scott Wagner (CFO and COO) sold 8,000 shares at $32.53 per share price.On May 27, 2016, Auguste Goldman (Chief People Officer) sold 5,000 shares at $32.00 per share price.Also, On May 27, 2016, Nima Kelly (EVP – General Counsel) sold 10,000 shares at $32.00 per share price.On May 17, 2016, Philip H. Bienert (Chief Marketing Officer) sold 7,500 shares at $30.28 per share price.
Shares of Godaddy Inc (GDDY) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.44% at $31.95 with 3,72,256 shares getting traded. Post opening the session at $32.02, the shares hit an intraday low of $31.7 and an intraday high of $32.3 and the price vacillated in this range throughout the day. The company has a market cap of $5,130 M and the number of outstanding shares has been calculated to be 16,05,67,880 shares. The 52-week high of Godaddy Inc is $35.35 and the 52-week low is $21.04.
Company has been under the radar of several Street Analysts.Godaddy Inc is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 7, 2016.Godaddy Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 37 from a previous price target of $36 .The Rating was issued on May 5, 2016.Godaddy Inc is Initiated by Singular Research to Sell and the brokerage firm has set the Price Target at $21.75. The Rating was issued on Apr 5, 2016.
GoDaddy Inc. operates a Web domain marketplace godaddy.com. 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.