GoDaddy Inc. (NYSE:GDDY) Director Sells 500 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the sale, the director now owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brian Sharples also recently made the following trade(s):

• On Monday, December 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $197.77, for a total value of $98,885.00.
• On Monday, November 11th, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00.

GoDaddy Stock Performance

Shares of NYSE:GDDY traded down $1.34 during trading hours on Monday, hitting $199.05. The stock had a trading volume of 990,662 shares, compared to its average volume of 931,587. The stock’s fifty day simple moving average is $193.67 and its 200 day simple moving average is $167.80. The firm has a market capitalization of $27.94 billion, a price-to-earnings ratio of 15.38 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a 1-year low of $100.43 and a 1-year high of $211.11.

GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoDaddy

Several institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of GoDaddy during the 3rd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in GoDaddy during the third quarter worth approximately $30,000. Anchor Investment Management LLC bought a new stake in GoDaddy during the third quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in GoDaddy in the fourth quarter worth approximately $43,000. Finally, Huntington National Bank boosted its stake in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GDDY shares. B. Riley increased their price target on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Benchmark boosted their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird lifted their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.71.

GoDaddy Company Profile

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.