GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples Sells 500 Shares

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares in the company, valued at approximately $4,317,659. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

GoDaddy Stock Performance

NYSE:GDDY traded up $1.52 during trading hours on Wednesday, hitting $188.75. 1,467,213 shares of the company traded hands, compared to its average volume of 1,463,493. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 14.59 and a beta of 1.11. GoDaddy Inc. has a twelve month low of $88.93 and a twelve month high of $190.21. The firm has a 50-day moving average of $161.46 and a 200 day moving average of $150.36.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current year.

Institutional Investors Weigh In On GoDaddy

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Ashton Thomas Securities LLC bought a new position in GoDaddy during the third quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in GoDaddy during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC bought a new position in GoDaddy in the 2nd quarter worth about $28,000. ORG Partners LLC bought a new stake in GoDaddy in the second quarter valued at $32,000. Finally, International Assets Investment Management LLC bought a new stake in shares of GoDaddy in the second quarter worth $36,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GDDY shares. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. Barclays increased their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Piper Sandler increased their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Benchmark lifted their price target on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

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.