GoDaddy Inc. (NYSE:GDDY - Get Free Report) Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the completion of the sale, the director now owns 21,621 shares in the company, valued at approximately $3,888,536.85. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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
NYSE GDDY opened at $177.45 on Friday. GoDaddy Inc. has a 1 year low of $119.76 and a 1 year high of $216.00. The business's fifty day moving average is $187.82 and its two-hundred day moving average is $184.73. The stock has a market capitalization of $25.08 billion, a P/E ratio of 27.51 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have weighed in on GDDY shares. Morgan Stanley lifted their target price on GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Benchmark lifted their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. UBS Group increased their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Wells Fargo & Company began coverage on shares of GoDaddy in a research report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target on the stock. Finally, Barclays increased their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $213.20.
Get Our Latest Stock Report on GDDY
Institutional Trading of GoDaddy
A number of hedge funds have recently bought and sold shares of GDDY. Quent Capital LLC increased its position in shares of GoDaddy by 4.4% in the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock worth $248,000 after acquiring an additional 53 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of GoDaddy by 0.9% in the 4th 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 in the last quarter. BNP Paribas boosted its stake in GoDaddy by 2.9% in the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after purchasing an additional 59 shares during the period. Lake Street Advisors Group LLC grew its position in GoDaddy by 4.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock worth $283,000 after purchasing an additional 64 shares in the last quarter. Finally, New York Life Investment Management LLC raised its stake in GoDaddy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock valued at $3,708,000 after purchasing an additional 71 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.
About GoDaddy
(
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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.
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