GoDaddy Inc. (NYSE:GDDY) COO Sells $555,360.00 in Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) COO Roger Chen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $138.84, for a total value of $555,360.00. Following the completion of the transaction, the chief operating officer now directly owns 196,632 shares of the company’s stock, valued at approximately $27,300,386.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Roger Chen also recently made the following trade(s):

  • On Wednesday, May 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The shares were sold at an average price of $122.60, for a total value of $490,400.00.
  • On Monday, April 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The shares were sold at an average price of $118.56, for a total value of $474,240.00.

GoDaddy Price Performance

GDDY traded up $0.83 during trading on Wednesday, hitting $139.63. The company’s stock had a trading volume of 1,160,594 shares, compared to its average volume of 1,416,174. The firm’s 50 day moving average price is $128.97 and its two-hundred day moving average price is $115.42. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. GoDaddy Inc. has a 12 month low of $69.18 and a 12 month high of $141.27. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 11.57 and a beta of 1.10.

GoDaddy (NYSE:GDDYGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.08. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Sell-side analysts forecast that GoDaddy Inc. will post 4.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GDDY. Royal Bank of Canada upped their price target on GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. StockNews.com upgraded GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Citigroup raised their target price on GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Morgan Stanley raised their target price on GoDaddy from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their target price on GoDaddy from $136.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.92.

Check Out Our Latest Stock Report on GoDaddy

Institutional Investors Weigh In On GoDaddy

Institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of GoDaddy during the fourth quarter worth $28,000. GAMMA Investing LLC raised its position in shares of GoDaddy by 102.3% during the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 133 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of GoDaddy during the fourth quarter worth $33,000. Massmutual Trust Co. FSB ADV raised its position in shares of GoDaddy by 140.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after acquiring an additional 205 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of GoDaddy during the third quarter worth $44,000. Institutional investors own 90.28% of the company’s stock.

About GoDaddy

(Get Free Report)

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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Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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