Garelick Capital Partners LP reduced its stake in Godaddy Inc (NYSE:GDDY) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 587,126 shares of the technology company’s stock after selling 165,178 shares during the period. Godaddy makes up approximately 6.0% of Garelick Capital Partners LP’s holdings, making the stock its 4th largest holding. Garelick Capital Partners LP’s holdings in Godaddy were worth $29,521,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Godaddy by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after purchasing an additional 397 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Godaddy by 49.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,213 shares during the period. Aperio Group LLC grew its stake in shares of Godaddy by 23.3% in the 3rd quarter. Aperio Group LLC now owns 8,624 shares of the technology company’s stock valued at $375,000 after purchasing an additional 1,631 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Godaddy by 43.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,624 shares of the technology company’s stock valued at $333,000 after purchasing an additional 2,019 shares during the period. Finally, State of Wisconsin Investment Board grew its stake in shares of Godaddy by 8.8% in the 4th quarter. State of Wisconsin Investment Board now owns 25,919 shares of the technology company’s stock valued at $1,303,000 after purchasing an additional 2,088 shares during the period. Institutional investors own 84.84% of the company’s stock.
Godaddy Inc (NYSE GDDY) opened at $60.36 on Wednesday. The company has a market capitalization of $10,129.58, a price-to-earnings ratio of 73.61, a price-to-earnings-growth ratio of 5.28 and a beta of 0.72. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. Godaddy Inc has a 12-month low of $35.72 and a 12-month high of $61.85.
In other news, EVP James M. Carroll sold 751 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $61.45, for a total value of $46,148.95. Following the transaction, the executive vice president now owns 27,859 shares of the company’s stock, valued at approximately $1,711,935.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Blake Irving sold 50,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $48.15, for a total value of $2,407,500.00. Following the completion of the transaction, the chief executive officer now directly owns 53,106 shares in the company, valued at approximately $2,557,053.90. The disclosure for this sale can be found here. Insiders sold a total of 7,776,151 shares of company stock worth $368,908,864 over the last quarter. Corporate insiders own 22.68% of the company’s stock.
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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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