Insider Selling: GoDaddy Inc. (NYSE:GDDY) Director Sells $99,505.00 in Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on 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 $4,601,310.21. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

GoDaddy Trading Up 0.7 %

Shares of GDDY opened at $196.91 on Thursday. GoDaddy Inc. has a 12-month low of $102.60 and a 12-month high of $211.11. The firm has a market capitalization of $27.64 billion, a P/E ratio of 15.22 and a beta of 1.15. The firm has a 50-day moving average price of $194.36 and a 200 day moving average price of $168.21. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61.

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

Institutional Investors Weigh In On GoDaddy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy in the 3rd quarter valued at $27,000. ORG Wealth Partners LLC purchased a new stake in GoDaddy in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in GoDaddy during the fourth quarter worth about $43,000. Finally, Huntington National Bank boosted its stake in GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GDDY. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price target on shares of GoDaddy in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group boosted their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird raised their price objective on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.71.

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.