GoDaddy (NYSE:GDDY – Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06), Briefing.com reports. GoDaddy had a net margin of 41.12% and a negative return on equity of 363.95%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.63 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. GoDaddy updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.
GoDaddy Stock Performance
Shares of NYSE GDDY traded up $9.84 during midday trading on Friday, reaching $151.25. 2,407,777 shares of the stock were exchanged, compared to its average volume of 1,159,537. GoDaddy has a twelve month low of $69.18 and a twelve month high of $152.09. The firm has a market cap of $21.58 billion, a price-to-earnings ratio of 12.56 and a beta of 1.14. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. The firm has a 50-day simple moving average of $141.77 and a two-hundred day simple moving average of $127.17.
Insider Activity
In other news, CFO Mark Mccaffrey sold 4,058 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $133.69, for a total transaction of $542,514.02. Following the transaction, the chief financial officer now owns 112,473 shares in the company, valued at approximately $15,036,515.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark Mccaffrey sold 4,058 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $133.69, for a total transaction of $542,514.02. Following the transaction, the chief financial officer now owns 112,473 shares in the company, valued at approximately $15,036,515.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Roger Chen sold 4,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $138.84, for a total value of $555,360.00. Following the transaction, the chief operating officer now owns 196,632 shares in the company, valued at approximately $27,300,386.88. The disclosure for this sale can be found here. Insiders have sold 46,071 shares of company stock worth $6,385,206 in the last quarter. Corporate insiders own 0.61% of the company’s stock.
Analyst Upgrades and Downgrades
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About GoDaddy
GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.
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