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

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $180.66, for a total value of $90,330.00. Following the transaction, the director now owns 22,121 shares in the company, valued at $3,996,379.86. This trade represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00.
• On Thursday, January 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00.

GoDaddy Price Performance

Shares of GDDY opened at $176.46 on Wednesday. The stock has a market cap of $24.94 billion, a PE ratio of 27.36 and a beta of 1.15. The firm’s 50-day simple moving average is $197.35 and its two-hundred day simple moving average is $182.15. GoDaddy Inc. has a fifty-two week low of $108.38 and a fifty-two week high of $216.00. 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) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James boosted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group increased their price target on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Citigroup lifted their target price on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley boosted their target price on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $213.20.

Institutional Trading of GoDaddy

Several institutional investors and hedge funds have recently made changes to their positions in GDDY. Quent Capital LLC grew its holdings in 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 purchasing an additional 53 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in GoDaddy by 0.9% in the 4th quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company’s stock worth $1,223,000 after buying an additional 55 shares during the last quarter. BNP Paribas grew its holdings in shares of GoDaddy by 2.9% during the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company’s stock worth $417,000 after buying an additional 59 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after purchasing an additional 64 shares during the last quarter. Finally, New York Life Investment Management LLC raised its stake in GoDaddy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock worth $3,708,000 after purchasing an additional 71 shares during the period. 90.28% of the stock is currently owned by 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.