Brian Sharples Sells 500 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $90,330.00. Following the completion of the sale, the director now directly owns 22,121 shares in the company, valued at approximately $3,996,379.86. The trade was a 2.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Brian Sharples also recently made the following trade(s):

• On Monday, February 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $207.70, for a total value of $103,850.00.
• On Thursday, January 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00.

GoDaddy Trading Down 0.7 %

NYSE:GDDY opened at $176.46 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The company has a fifty day moving average of $197.35 and a 200 day moving average of $182.15. The firm has a market capitalization of $24.94 billion, a P/E ratio of 27.36 and a beta of 1.15. GoDaddy Inc. has a 52 week low of $108.38 and a 52 week high of $216.00.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. On average, research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of recent analyst reports. B. Riley raised their price target on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. UBS Group increased their price objective on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Jefferies Financial Group boosted their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Raymond James lifted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $213.20.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in shares of GoDaddy during the 3rd quarter valued at about $27,000. Anchor Investment Management LLC purchased a new stake in GoDaddy in the third quarter worth approximately $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the 4th quarter worth approximately $43,000. Rakuten Securities Inc. raised its stake in GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 165 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

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.