Phontip Palitwanon Sells 766 Shares of GoDaddy (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CAO Phontip Palitwanon sold 766 shares of GoDaddy stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $87.83, for a total value of $67,277.78. Following the transaction, the chief accounting officer directly owned 21,659 shares of the company’s stock, valued at $1,902,309.97. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Phontip Palitwanon also recently made the following trade(s):

• On Wednesday, December 10th, Phontip Palitwanon sold 2,397 shares of GoDaddy stock. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68.

GoDaddy Price Performance

NYSE GDDY traded up $4.60 during trading on Thursday, reaching $93.26. The company’s stock had a trading volume of 3,056,956 shares, compared to its average volume of 2,737,863. The stock has a market capitalization of $12.60 billion, a PE ratio of 14.97, a P/E/G ratio of 0.81 and a beta of 0.96. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a fifty day moving average of $101.89 and a 200 day moving average of $123.42. GoDaddy Inc. has a one year low of $73.06 and a one year high of $193.55.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.22. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GDDY. Jefferies Financial Group reduced their target price on GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Royal Bank Of Canada cut their price objective on GoDaddy from $200.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a research note on Wednesday, January 28th. Cantor Fitzgerald dropped their price target on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $100.00 price objective on shares of GoDaddy in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $131.93.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported a February-quarter earnings beat (EPS above consensus) and year-over-year revenue growth, reinforcing the company’s fundamentals and likely supporting buying interest.
• Neutral Sentiment: Coverage pieces continue to feature GoDaddy among growth-stock discussions, keeping the name on investors’ radars but not delivering a clear directional catalyst. 2 Top Growth Stocks to Buy, And 1 to Sell Right Away
• Negative Sentiment: Evercore ISI trimmed its price target to $95 and kept an In Line rating, which signals more muted upside from some sell-side desks and may cap near-term gains. Evercore ISI Lowers its Price Target on GoDaddy Inc. (GDDY) to $95 and Maintains an In Line Rating
• Negative Sentiment: Multiple insiders sold stock this week — including CEO Amanpal Singh Bhutani, CFO Mark McCaffrey, the CAO and a director — representing meaningful reductions in holdings (largest single sale: CEO sold 34,148 shares). Heavy insider selling can pressure sentiment and raise questions about near-term insider conviction. SEC filings and disclosures: CEO Form 4 CFO Form 4 CAO Form 4 Insider Trades Alert

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GDDY. Norges Bank bought a new position in GoDaddy during the fourth quarter valued at approximately $250,020,000. AQR Capital Management LLC raised its holdings in shares of GoDaddy by 117.5% during the 4th quarter. AQR Capital Management LLC now owns 2,989,931 shares of the technology company’s stock worth $370,991,000 after acquiring an additional 1,615,005 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of GoDaddy by 47.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock valued at $483,360,000 after acquiring an additional 1,128,646 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of GoDaddy by 2,289.5% in the second quarter. Qube Research & Technologies Ltd now owns 873,626 shares of the technology company’s stock valued at $157,305,000 after purchasing an additional 837,065 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in GoDaddy by 99.7% in the third quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock worth $223,183,000 after purchasing an additional 814,360 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.