GoDaddy Inc. (NYSE:GDDY) COO Roger Chen Sells 1,000 Shares

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $207.35, for a total transaction of $207,350.00. Following the sale, the chief operating officer now owns 184,632 shares in the company, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Roger Chen also recently made the following trade(s):

• On Friday, November 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $183.80, for a total value of $183,800.00.
• On Tuesday, October 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $164.16, for a total transaction of $164,160.00.

GoDaddy Stock Down 3.5 %

Shares of NYSE:GDDY traded down $7.33 on Wednesday, reaching $200.13. The company had a trading volume of 1,292,481 shares, compared to its average volume of 1,455,420. GoDaddy Inc. has a 52-week low of $99.90 and a 52-week high of $211.11. The firm has a market capitalization of $28.10 billion, a PE ratio of 15.47 and a beta of 1.15. 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 firm’s 50 day simple moving average is $182.65 and its 200-day simple moving average is $161.56.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Barclays upped their price target on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, B. Riley upped their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $181.57.

Hedge Funds Weigh In On GoDaddy

A number of large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in GoDaddy by 336.0% during the 2nd quarter. Blue Trust Inc. now owns 545 shares of the technology company’s stock worth $76,000 after purchasing an additional 420 shares in the last quarter. Raymond James & Associates grew its stake in GoDaddy by 9.0% during the second quarter. Raymond James & Associates now owns 203,424 shares of the technology company’s stock worth $28,420,000 after buying an additional 16,737 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of GoDaddy by 4.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 10,040 shares of the technology company’s stock valued at $1,403,000 after buying an additional 432 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of GoDaddy by 546.7% in the second quarter. Nisa Investment Advisors LLC now owns 23,088 shares of the technology company’s stock worth $3,226,000 after acquiring an additional 19,518 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC bought a new stake in shares of GoDaddy in the 2nd quarter worth about $10,765,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

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.