Brian Sharples Sells 500 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $89,925.00. Following the sale, the director now directly owns 21,621 shares in the company, valued at approximately $3,888,536.85. This represents a 2.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $180.66, for a total transaction of $90,330.00.
• 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.

GoDaddy Price Performance

GDDY stock opened at $164.34 on Friday. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 25.48 and a beta of 1.25. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 52-week low of $119.76 and a 52-week high of $216.00. The stock’s fifty day simple moving average is $186.96 and its 200-day simple moving average is $184.82.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results 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 return on equity of 176.06% and a net margin of 20.49%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on GDDY. Piper Sandler boosted their target price on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. B. Riley boosted their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Benchmark raised their target price on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley upped their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, UBS Group raised their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.20.

Institutional Investors Weigh In On GoDaddy

Institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC boosted its holdings in shares of GoDaddy by 7,083.4% in the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock valued at $678,941,000 after purchasing an additional 3,356,678 shares during the last quarter. Norges Bank acquired a new position in GoDaddy in the fourth quarter valued at $356,038,000. Canada Pension Plan Investment Board grew its position in GoDaddy by 107.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company’s stock valued at $273,582,000 after acquiring an additional 719,000 shares during the period. Congress Asset Management Co. acquired a new stake in GoDaddy during the fourth quarter worth about $111,923,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of GoDaddy by 88.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,082,381 shares of the technology company’s stock worth $213,630,000 after purchasing an additional 507,374 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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.