GoDaddy Inc. (NYSE:GDDY) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its position in GoDaddy Inc. (NYSE:GDDY) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 466,453 shares of the technology company’s stock after selling 150,927 shares during the period. Fiera Capital Corp’s holdings in GoDaddy were worth $92,064,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GDDY. Ashton Thomas Securities LLC purchased a new position in shares of GoDaddy during the 3rd quarter worth about $27,000. ORG Wealth Partners LLC purchased a new position in GoDaddy during the third quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy in the 3rd quarter valued at $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy during the 4th quarter valued at $43,000. Finally, Friedenthal Financial acquired a new stake in shares of GoDaddy during the 4th quarter worth $49,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

GoDaddy stock opened at $207.44 on Thursday. GoDaddy Inc. has a 52 week low of $107.92 and a 52 week high of $216.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The stock has a market cap of $29.12 billion, a P/E ratio of 16.03 and a beta of 1.15. The stock has a 50 day moving average of $204.60 and a 200-day moving average of $179.11.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the completion of the transaction, the chief operating officer now owns 185,632 shares in the company, valued at approximately $34,119,161.60. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $197.77, for a total value of $593,310.00. Following the completion of the sale, the chief executive officer now owns 342,956 shares of the company’s stock, valued at $67,826,408.12. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,483 shares of company stock valued at $4,893,633 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GDDY. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company started coverage on shares of GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target on the stock. Citigroup increased their price objective 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. Finally, B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $198.53.

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.