GoDaddy Inc. (NYSE:GDDY - Get Free Report) COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $207.35, for a total value of $207,350.00. Following the transaction, the chief operating officer now directly owns 184,632 shares of the company's stock, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Roger Chen also recently made the following trade(s):
- On Friday, November 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00.
- On Tuesday, October 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $164.16, for a total transaction of $164,160.00.
GoDaddy Price Performance
Shares of GDDY opened at $200.13 on Thursday. The firm has a market cap of $28.10 billion, a PE ratio of 15.47 and a beta of 1.15. GoDaddy Inc. has a 52-week low of $99.90 and a 52-week high of $211.11. The business's 50 day moving average price is $183.43 and its two-hundred day moving average price is $161.83. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.
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GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. On average, equities analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on GDDY. Cantor Fitzgerald reiterated a "neutral" rating and set a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. StockNews.com downgraded GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Piper Sandler boosted their price target on GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. B. Riley raised their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Benchmark upped their price target on shares of GoDaddy from $186.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and a consensus target price of $181.57.
Check Out Our Latest Stock Report on GoDaddy
Institutional Investors Weigh In On GoDaddy
A number of hedge funds have recently added to or reduced their stakes in GDDY. State Street Corp increased its stake in GoDaddy by 2.2% during the 3rd 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of GoDaddy by 2.5% in the third quarter. Geode Capital Management LLC now owns 3,423,622 shares of the technology company's stock worth $535,153,000 after purchasing an additional 84,550 shares during the last quarter. FMR LLC boosted its position in shares of GoDaddy by 19.8% during the third quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock valued at $260,299,000 after buying an additional 274,014 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of GoDaddy by 35.6% during the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company's stock valued at $209,743,000 after buying an additional 394,399 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in GoDaddy by 17.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company's stock worth $214,584,000 after buying an additional 203,909 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.
GoDaddy Company Profile
(
Get Free Report)
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.
Further Reading
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