Insider Selling: GoDaddy Inc. (NYSE:GDDY) COO Sells 1,000 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the completion of the transaction, the chief operating officer now directly owns 257,949 shares of the company’s stock, valued at $44,937,295.29. This represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, February 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $194.28, for a total transaction of $194,280.00.
• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00.

GoDaddy Stock Down 0.4 %

Shares of NYSE GDDY opened at $180.72 on Friday. The firm’s 50-day moving average price is $191.62 and its 200-day moving average price is $182.88. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 28.02 and a beta of 1.25. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. On average, equities research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GDDY shares. UBS Group upped their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Barclays increased their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company began coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $213.20.

Institutional Trading of GoDaddy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in GoDaddy in the 4th quarter worth about $25,554,000. CWA Asset Management Group LLC raised its position in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after purchasing an additional 3,631 shares during the period. Dai ichi Life Insurance Company Ltd raised its position in GoDaddy by 39.6% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock worth $9,410,000 after purchasing an additional 17,021 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of GoDaddy during the fourth quarter worth approximately $1,045,000. Finally, Mount Yale Investment Advisors LLC increased its position in shares of GoDaddy by 205.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 3,783 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

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.