GoDaddy Inc. (NYSE:GDDY) CEO Sells $539,550.00 in Stock

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $539,550.00. Following the completion of the transaction, the chief executive officer now owns 443,947 shares in the company, valued at approximately $79,843,867.95. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amanpal Singh Bhutani also recently made the following trade(s):

• On Monday, March 3rd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $180.66, for a total value of $541,980.00.
• On Monday, February 3rd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The shares were sold at an average price of $207.70, for a total value of $623,100.00.

GoDaddy Stock Down 7.5 %

Shares of GoDaddy stock opened at $164.34 on Friday. The company has a market capitalization of $23.23 billion, a P/E ratio of 25.48 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The business has a 50-day moving average of $186.96 and a two-hundred day moving average of $185.04. GoDaddy Inc. has a 1 year low of $119.76 and a 1 year high of $216.00.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. As a group, equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Institutional Investors Weigh In On GoDaddy

Institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the 4th quarter valued at approximately $43,000. Rakuten Securities Inc. boosted its position in GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 165 shares during the last quarter. Friedenthal Financial bought a new position in shares of GoDaddy during the 4th quarter worth approximately $49,000. Finally, OFI Invest Asset Management bought a new position in shares of GoDaddy during the 4th quarter worth approximately $52,000. 90.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of research reports. Piper Sandler raised their target price on GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. B. Riley boosted their target price 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. JPMorgan Chase & Co. raised their price target on shares of GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley lifted their price objective on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Citigroup upped their target price on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.