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

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $99,505.00. Following the sale, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was 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 stock was sold at an average price of $179.00, for a total value of $89,500.00.

GoDaddy Trading Down 0.7 %

Shares of NYSE GDDY opened at $199.05 on Tuesday. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 15.38 and a beta of 1.15. GoDaddy Inc. has a 12-month low of $100.43 and a 12-month high of $211.11. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The stock’s 50 day simple moving average is $193.67 and its 200 day simple moving average is $167.80.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Equities research analysts expect that GoDaddy Inc. will post 4.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GDDY. Jefferies Financial Group upped their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays boosted their price target on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Citigroup boosted their price target on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of GoDaddy in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.71.

Institutional Trading of GoDaddy

Several hedge funds have recently added to or reduced their stakes in GDDY. Ashton Thomas Securities LLC bought a new stake in GoDaddy during the 3rd quarter valued at $27,000. ORG Wealth Partners LLC bought a new stake in GoDaddy during the 3rd quarter valued at $30,000. Anchor Investment Management LLC bought a new stake in GoDaddy during the 3rd quarter valued at $31,000. Versant Capital Management Inc bought a new stake in GoDaddy during the 4th quarter valued at $43,000. Finally, Huntington National Bank raised its stake in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

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.