Yousif Capital Management LLC Has $3.92 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Yousif Capital Management LLC trimmed its stake in GoDaddy Inc. (NYSE:GDDY) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,857 shares of the technology company’s stock after selling 897 shares during the period. Yousif Capital Management LLC’s holdings in GoDaddy were worth $3,919,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of GoDaddy in the 3rd quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in shares of GoDaddy in the third quarter worth approximately $30,000. Anchor Investment Management LLC bought a new stake in GoDaddy in the third quarter valued at approximately $31,000. Versant Capital Management Inc acquired a new stake in GoDaddy during the 4th quarter valued at approximately $43,000. Finally, Huntington National Bank raised its holdings in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after purchasing an additional 230 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the transaction, the director now directly owns 22,621 shares of the company’s stock, valued at $4,698,381.70. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20. Following the completion of the sale, the chief financial officer now owns 83,254 shares of the company’s stock, valued at approximately $16,758,197.66. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,983 shares of company stock valued at $4,983,133. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 0.1 %

NYSE:GDDY opened at $211.14 on Friday. 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 $107.92 and a one year high of $216.00. The company has a market cap of $29.64 billion, a PE ratio of 16.32 and a beta of 1.15. The firm has a 50-day moving average of $203.90 and a 200-day moving average of $177.29.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company started coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective on the stock. Robert W. Baird increased their price target on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Piper Sandler boosted their price objective on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. 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. Finally, JPMorgan Chase & Co. boosted their price target on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.53.

GoDaddy 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.