GoDaddy Inc. (NYSE:GDDY) COO Sells $174,210.00 in Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $174.21, for a total transaction of $174,210.00. Following the completion of the transaction, the chief operating officer now owns 257,949 shares in the company, valued at approximately $44,937,295.29. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, February 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00.
• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $200.57, for a total value of $200,570.00.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $181.54 on Thursday. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of 28.15 and a beta of 1.25. GoDaddy Inc. has a one year low of $118.39 and a one year high of $216.00. The business has a fifty day simple moving average of $191.94 and a 200 day simple moving average of $182.90. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. Quent Capital LLC raised its holdings in shares of GoDaddy by 4.4% in the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock worth $248,000 after buying an additional 53 shares in the last quarter. Advisors Capital Management LLC grew its position in GoDaddy by 0.9% in the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company’s stock valued at $1,223,000 after acquiring an additional 55 shares during the period. BNP Paribas raised its stake in GoDaddy by 2.9% during the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company’s stock worth $417,000 after acquiring an additional 59 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of GoDaddy by 4.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after acquiring an additional 64 shares during the period. Finally, New York Life Investment Management LLC lifted its holdings in shares of GoDaddy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock valued at $3,708,000 after acquiring an additional 71 shares during the period. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GDDY. Citigroup lifted their target price on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Company started coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. Jefferies Financial Group increased their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. UBS Group boosted their price target on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

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.