GoDaddy Inc. (NYSE:GDDY) COO Sells $200,570.00 in Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total transaction of $200,570.00. Following the completion of the sale, the chief operating officer now owns 183,632 shares of the company’s stock, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Roger Chen also recently made the following trade(s):

  • On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00.
  • On Friday, November 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $183.80, for a total value of $183,800.00.

GoDaddy Price Performance

GDDY traded up $0.04 during midday trading on Friday, reaching $200.89. 1,308,296 shares of the company’s stock were exchanged, compared to its average volume of 1,107,696. The business’s 50-day moving average price is $198.34 and its 200 day moving average price is $170.58. The stock has a market capitalization of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15. GoDaddy Inc. has a 1-year low of $106.32 and a 1-year high of $211.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDYGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Institutional Trading of GoDaddy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its holdings in GoDaddy by 1.6% in the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after purchasing an additional 13,206 shares in the last quarter. Choreo LLC purchased a new stake in GoDaddy during the second quarter worth approximately $205,000. American Century Companies Inc. increased its holdings in GoDaddy by 374.3% in the 2nd quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock valued at $21,020,000 after purchasing an additional 118,731 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of GoDaddy by 12.9% in the second quarter. Parallel Advisors LLC now owns 2,236 shares of the technology company’s stock valued at $312,000 after buying an additional 256 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of GoDaddy by 20.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 37,661 shares of the technology company’s stock valued at $5,262,000 after purchasing an additional 6,313 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GDDY shares. Barclays lifted their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Robert W. Baird raised their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup increased their price target on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Finally, Piper Sandler lifted their price target on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.14.

Check Out Our Latest Research Report on GoDaddy

GoDaddy Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.