Quent Capital LLC Has $248,000 Position in GoDaddy Inc. (NYSE:GDDY)

Quent Capital LLC increased its position in GoDaddy Inc. (NYSE:GDDY) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,259 shares of the technology company’s stock after buying an additional 53 shares during the quarter. Quent Capital LLC’s holdings in GoDaddy were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the third quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in GoDaddy in the third quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new stake in GoDaddy in the third quarter valued at approximately $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the fourth quarter valued at approximately $43,000. Finally, Huntington National Bank boosted its holdings in GoDaddy by 298.7% in the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares of the company’s stock, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now directly owns 185,632 shares of the company’s stock, valued at approximately $34,119,161.60. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,483 shares of company stock valued at $4,893,633. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDDY. Robert W. Baird upped their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup increased their price target on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Raymond James increased their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Benchmark increased their price target on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.53.

GoDaddy Trading Up 0.6 %

NYSE GDDY opened at $207.44 on Thursday. The firm has a market capitalization of $29.12 billion, a P/E ratio of 16.03 and a beta of 1.15. The business has a fifty day simple moving average of $204.60 and a 200 day simple moving average of $179.11. GoDaddy Inc. has a 12 month low of $107.92 and a 12 month high of $216.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61.

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.