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

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00. Following the completion of the transaction, the director now owns 24,121 shares of the company’s stock, valued at approximately $4,317,659. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GoDaddy Price Performance

Shares of GDDY opened at $188.75 on Thursday. The firm has a market cap of $26.50 billion, a PE ratio of 14.59 and a beta of 1.11. The firm’s 50 day moving average price is $161.46 and its 200 day moving average price is $150.36. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a twelve month low of $88.93 and a twelve month high of $190.21.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $0.89 earnings per share. GoDaddy’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts expect that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Benchmark raised their price target on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Piper Sandler raised their price target on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada raised their price target on shares of GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Institutional Trading of GoDaddy

A number of institutional investors and hedge funds have recently modified their holdings of GDDY. Ashton Thomas Securities LLC acquired a new position in GoDaddy during the 3rd quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in GoDaddy during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC acquired a new position in GoDaddy during the 2nd quarter valued at $28,000. ORG Partners LLC acquired a new position in GoDaddy during the 2nd quarter valued at $32,000. Finally, International Assets Investment Management LLC acquired a new position in GoDaddy during the 2nd quarter valued at $36,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

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.