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

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction 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 directly owns 23,121 shares of the company’s stock, valued at $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 value 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 value of $89,500.00.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $196.91 on Thursday. The stock’s 50-day simple moving average is $194.36 and its 200-day simple moving average is $168.21. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $27.64 billion, a PE ratio of 15.22 and a beta of 1.15. GoDaddy Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $211.11.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GDDY shares. Jefferies Financial Group raised their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Robert W. Baird raised their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Benchmark upped their price objective on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 target price (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.71.

Hedge Funds Weigh In On GoDaddy

Several large investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the third quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in GoDaddy during the third quarter worth approximately $30,000. Anchor Investment Management LLC purchased a new stake in GoDaddy in the third quarter valued at approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the fourth quarter valued at approximately $43,000. Finally, Huntington National Bank grew its position in shares of 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 acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

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.