GoDaddy Inc. (NYSE:GDDY) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd cut its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 26.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,813 shares of the technology company’s stock after selling 23,395 shares during the period. Generate Investment Management Ltd’s holdings in GoDaddy were worth $10,161,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of GoDaddy by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock valued at $2,837,000 after acquiring an additional 67 shares in the last quarter. Whittier Trust Co. raised its stake in shares of GoDaddy by 4.3% during the 2nd quarter. Whittier Trust Co. now owns 1,781 shares of the technology company’s stock worth $249,000 after buying an additional 74 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of GoDaddy by 3.9% in the 1st quarter. Sivia Capital Partners LLC now owns 3,023 shares of the technology company’s stock valued at $359,000 after buying an additional 113 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of GoDaddy by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 12,030 shares of the technology company’s stock valued at $1,427,000 after buying an additional 113 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in GoDaddy by 7.6% during the third quarter. Atomi Financial Group Inc. now owns 1,861 shares of the technology company’s stock worth $292,000 after acquiring an additional 131 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total value of $906,125.00. Following the completion of the transaction, the chief financial officer now directly owns 101,286 shares in the company, valued at approximately $16,686,868.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $164.75, for a total transaction of $906,125.00. Following the completion of the transaction, the chief financial officer now owns 101,286 shares of the company’s stock, valued at approximately $16,686,868.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.48, for a total transaction of $439,440.00. Following the transaction, the chief executive officer now directly owns 362,398 shares in the company, valued at approximately $53,084,059.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,744 shares of company stock worth $5,114,931 over the last quarter. 0.61% of the stock is currently owned by insiders.

GoDaddy Trading Up 0.2 %

Shares of GDDY stock opened at $164.69 on Friday. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 13.68 and a beta of 1.12. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. The firm has a 50-day moving average price of $159.14 and a 200 day moving average price of $144.47. GoDaddy Inc. has a twelve month low of $71.15 and a twelve month high of $167.65.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. Research analysts forecast that GoDaddy Inc. will post 5.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on GDDY shares. Benchmark restated a “buy” rating and set a $186.00 target price on shares of GoDaddy in a research report on Tuesday. Barclays upped their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. B. Riley boosted their price target on GoDaddy from $143.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Robert W. Baird raised their price objective on GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.54.

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.