denkapparat Operations GmbH Takes Position in GoDaddy Inc. (NYSE:GDDY)

denkapparat Operations GmbH bought a new position in GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,278 shares of the technology company’s stock, valued at approximately $450,000.

Several other large investors have also added to or reduced their stakes in GDDY. Proficio Capital Partners LLC bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $25,554,000. CWA Asset Management Group LLC lifted its stake in GoDaddy by 29.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after acquiring an additional 3,631 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in GoDaddy during the 4th quarter worth $1,045,000. Mount Yale Investment Advisors LLC boosted its holdings in GoDaddy by 205.3% during the 4th 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 last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of GoDaddy by 68.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock worth $243,000 after acquiring an additional 499 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Insider Activity

In other news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 257,949 shares of the company’s stock, valued at approximately $44,937,295.29. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the transaction, the chief financial officer now directly owns 84,300 shares in the company, 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. In the last quarter, insiders sold 19,480 shares of company stock valued at $3,816,029. Insiders own 0.61% of the company’s stock.

GoDaddy Stock Down 0.0 %

GDDY opened at $183.02 on Friday. The business’s fifty day simple moving average is $190.24 and its 200 day simple moving average is $183.76. The stock has a market cap of $25.87 billion, a PE ratio of 28.38 and a beta of 1.25. GoDaddy Inc. has a 52 week low of $118.39 and a 52 week high of $216.00. 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 earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business 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, research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James boosted their price target on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Piper Sandler boosted their price objective on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. StockNews.com lowered GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Barclays boosted their price target on shares of GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.