GoDaddy Inc. (NYSE:GDDY) Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in GoDaddy Inc. (NYSE:GDDY) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,292 shares of the technology company’s stock after selling 1,410 shares during the quarter. Versor Investments LP’s holdings in GoDaddy were worth $986,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in GoDaddy in the 3rd quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in shares of GoDaddy in the 2nd quarter worth $28,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy in the 3rd quarter worth $30,000. ORG Partners LLC acquired a new stake in shares of GoDaddy in the 2nd quarter worth $32,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of GoDaddy in the 2nd quarter worth $36,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GDDY has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. B. Riley raised their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays raised their target price on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Raymond James raised their target price on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the sale, the chief operating officer now owns 187,632 shares of the company’s stock, valued at $28,551,961.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $167.79, for a total transaction of $503,370.00. Following the sale, the chief executive officer now owns 345,956 shares of the company’s stock, valued at approximately $58,047,957.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the transaction, the chief operating officer now directly owns 187,632 shares in the company, valued at approximately $28,551,961.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,344 shares of company stock valued at $4,529,897 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

Shares of GoDaddy stock opened at $183.13 on Tuesday. The business has a 50-day moving average of $159.96 and a 200 day moving average of $149.24. GoDaddy Inc. has a 12 month low of $87.16 and a 12 month high of $184.38. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 14.15 and a beta of 1.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business posted $0.89 EPS. GoDaddy’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that GoDaddy Inc. will post 4.95 earnings per share for the current year.

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.