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

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the sale, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $197.77, for a total value of $98,885.00.
• On Monday, November 11th, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $179.00, for a total transaction of $89,500.00.

GoDaddy Stock Down 1.9 %

Shares of GDDY opened at $195.58 on Wednesday. The firm has a 50 day simple moving average of $193.67 and a two-hundred day simple moving average of $167.80. 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 Inc. has a one year low of $100.43 and a one year high of $211.11. The company has a market cap of $27.46 billion, a P/E ratio of 15.11 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $0.89 EPS. GoDaddy’s revenue was up 7.3% on a year-over-year basis. Research analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of GoDaddy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock worth $31,052,000 after buying an additional 6,424 shares in the last quarter. Highland Capital Management LLC bought a new position in GoDaddy during the 3rd quarter valued at $1,132,000. Crossmark Global Holdings Inc. boosted its holdings in GoDaddy by 28.0% during the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock worth $6,907,000 after purchasing an additional 9,631 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in shares of GoDaddy by 39.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock valued at $9,410,000 after acquiring an additional 17,021 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in GoDaddy by 374.3% in the 2nd quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock valued at $21,020,000 after purchasing an additional 118,731 shares during the period. Institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GDDY. Jefferies Financial Group lifted their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Benchmark boosted their price objective on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Finally, Barclays increased their price objective on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.71.

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.