Gallacher Capital Management LLC Buys Shares of 1,341 GoDaddy Inc. (NYSE:GDDY)

Gallacher Capital Management LLC acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,341 shares of the technology company’s stock, valued at approximately $265,000.

Other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of GoDaddy in the third quarter worth about $31,000. Versant Capital Management Inc bought a new position in GoDaddy during the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. raised its position in GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after acquiring an additional 165 shares in the last quarter. Friedenthal Financial bought a new position in GoDaddy during the fourth quarter valued at approximately $49,000. Finally, OFI Invest Asset Management bought a new position in GoDaddy during the fourth quarter valued at approximately $52,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Up 2.1 %

Shares of NYSE GDDY opened at $176.06 on Monday. GoDaddy Inc. has a 12-month low of $117.33 and a 12-month high of $216.00. The firm has a market cap of $24.89 billion, a PE ratio of 27.30 and a beta of 1.25. The company’s fifty day simple moving average is $192.98 and its 200 day simple moving average is $182.72. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results 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 firm 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, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the sale, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the transaction, the chief financial officer now owns 84,300 shares of the company’s stock, valued at approximately $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,480 shares of company stock worth $3,641,819 over the last three months. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. B. Riley raised their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler boosted their target price on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Citigroup lifted their price target on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Benchmark lifted their price target on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.20.

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.