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

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the transaction, the director now owns 21,621 shares in the company, valued at $3,888,536.85. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $180.66, for a total transaction of $90,330.00.
• On Monday, February 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00.

GoDaddy Stock Down 7.5 %

Shares of NYSE GDDY opened at $164.34 on Friday. GoDaddy Inc. has a 12-month low of $119.76 and a 12-month high of $216.00. The stock’s fifty day simple moving average is $186.96 and its two-hundred day simple moving average is $185.04. The stock has a market capitalization of $23.23 billion, a PE ratio of 25.48 and a beta of 1.25. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last issued 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). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. WCM Investment Management LLC boosted its stake in GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock valued at $678,941,000 after acquiring an additional 3,356,678 shares in the last quarter. Norges Bank acquired a new stake in shares of GoDaddy in the 4th quarter worth $356,038,000. Canada Pension Plan Investment Board grew its stake in GoDaddy by 107.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company’s stock worth $273,582,000 after buying an additional 719,000 shares during the last quarter. Congress Asset Management Co. purchased a new position in GoDaddy during the 4th quarter worth $111,923,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in GoDaddy by 88.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,082,381 shares of the technology company’s stock valued at $213,630,000 after buying an additional 507,374 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GDDY. B. Riley increased their price target on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 14th. StockNews.com downgraded GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Piper Sandler upped their price target on shares of GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. UBS Group lifted their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

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.