GoDaddy Inc. (NYSE:GDDY – Get Free Report) COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total value of $200,570.00. Following the sale, the chief operating officer now owns 183,632 shares of the company’s stock, valued at $36,831,070.24. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Roger Chen also recently made the following trade(s):
- On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $207.35, for a total value of $207,350.00.
- On Friday, November 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $183.80, for a total value of $183,800.00.
GoDaddy Price Performance
Shares of NYSE GDDY opened at $200.89 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. The firm has a market capitalization of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15. GoDaddy Inc. has a 1-year low of $106.32 and a 1-year high of $211.11. The business’s fifty day moving average price is $198.80 and its two-hundred day moving average price is $170.99.
Institutional Investors Weigh In On GoDaddy
A number of hedge funds have recently made changes to their positions in the business. Fiera Capital Corp raised its stake in shares of GoDaddy by 1.6% during the second quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after purchasing an additional 13,206 shares in the last quarter. Choreo LLC bought a new stake in shares of GoDaddy during the 2nd quarter worth about $205,000. American Century Companies Inc. lifted its stake in shares of GoDaddy by 374.3% in the 2nd quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock worth $21,020,000 after acquiring an additional 118,731 shares during the period. Parallel Advisors LLC lifted its stake in shares of GoDaddy by 12.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,236 shares of the technology company’s stock worth $312,000 after acquiring an additional 256 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of GoDaddy by 20.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 37,661 shares of the technology company’s stock valued at $5,262,000 after acquiring an additional 6,313 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on GDDY shares. Barclays raised their price target on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Piper Sandler boosted their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup increased their price target on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.14.
View Our Latest Analysis on GoDaddy
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.
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