GoDaddy Inc. (NYSE:GDDY) Director Sells $90,330.00 in Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $90,330.00. Following the sale, the director now owns 22,121 shares in the company, valued at approximately $3,996,379.86. The trade was a 2.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $207.70, for a total value of $103,850.00.
• On Thursday, January 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total value of $99,505.00.

GoDaddy Stock Performance

Shares of GDDY traded down $1.24 on Tuesday, reaching $176.46. 2,278,605 shares of the company’s stock traded hands, compared to its average volume of 1,339,362. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a market cap of $24.94 billion, a PE ratio of 27.36 and a beta of 1.15. The stock’s 50 day simple moving average is $197.35 and its two-hundred day simple moving average is $182.15. GoDaddy Inc. has a 52-week low of $108.38 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. On average, analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in GoDaddy by 2.2% during the third quarter. State Street Corp now owns 6,892,134 shares of the technology company’s stock valued at $1,080,549,000 after purchasing an additional 147,105 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in GoDaddy by 11.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company’s stock valued at $751,778,000 after purchasing an additional 395,160 shares during the period. Geode Capital Management LLC grew its holdings in GoDaddy by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company’s stock valued at $692,245,000 after purchasing an additional 90,810 shares during the period. WCM Investment Management LLC boosted its holdings in shares of GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock worth $678,941,000 after acquiring an additional 3,356,678 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of GoDaddy by 11.6% in the fourth quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company’s stock worth $575,122,000 after acquiring an additional 304,033 shares during the period. 90.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. StockNews.com downgraded GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Barclays increased their price objective on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company initiated coverage on GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

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.