GoDaddy (NYSE:GDDY) Director Leah Sweet Sells 650 Shares

GoDaddy Inc. (NYSE:GDDY) Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $86.86, for a total value of $56,459.00. Following the sale, the director directly owned 11,414 shares of the company’s stock, valued at $991,420.04. This represents a 5.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

GoDaddy Trading Down 0.5%

GDDY stock traded down $0.45 during trading on Wednesday, hitting $88.78. 2,246,725 shares of the company traded hands, compared to its average volume of 2,773,383. GoDaddy Inc. has a 1 year low of $73.06 and a 1 year high of $193.55. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.61 and a current ratio of 0.61. The company has a 50-day moving average of $102.57 and a 200-day moving average of $123.63. The firm has a market capitalization of $12.00 billion, a PE ratio of 14.90, a P/E/G ratio of 0.82 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of recent research reports. Cantor Fitzgerald cut their target price on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. UBS Group cut their price target on shares of GoDaddy from $145.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Raymond James Financial restated a “strong-buy” rating and set a $100.00 price target on shares of GoDaddy in a research note on Wednesday, February 25th. Evercore set a $95.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. Finally, Wells Fargo & Company lowered their price target on shares of GoDaddy from $145.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.93.

Institutional Trading of GoDaddy

Several large investors have recently bought and sold shares of the company. Sivia Capital Partners LLC increased its stake in shares of GoDaddy by 90.3% in the second quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock worth $589,000 after buying an additional 1,552 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in GoDaddy in the 2nd quarter valued at approximately $210,000. Retirement Systems of Alabama lifted its holdings in GoDaddy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 30,576 shares of the technology company’s stock worth $5,506,000 after purchasing an additional 232 shares during the period. State of Michigan Retirement System boosted its holdings in shares of GoDaddy by 1.0% in the second quarter. State of Michigan Retirement System now owns 38,700 shares of the technology company’s stock valued at $6,968,000 after acquiring an additional 400 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of GoDaddy during the 2nd quarter valued at $1,757,000. Institutional investors and hedge funds 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.