GSA Capital Partners LLP lowered its position in Godaddy Inc (NYSE:GDDY) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,499 shares of the technology company’s stock after selling 27,254 shares during the period. GSA Capital Partners LLP’s holdings in Godaddy were worth $367,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Two Sigma Securities LLC acquired a new stake in Godaddy during the third quarter worth approximately $252,000. Envestnet Asset Management Inc. increased its stake in Godaddy by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,936 shares of the technology company’s stock worth $278,000 after buying an additional 376 shares during the period. Strategic Global Advisors LLC increased its stake in Godaddy by 0.3% in the third quarter. Strategic Global Advisors LLC now owns 10,459 shares of the technology company’s stock worth $326,000 after buying an additional 33 shares during the period. NEXT Financial Group Inc increased its stake in Godaddy by 20,000.0% in the third quarter. NEXT Financial Group Inc now owns 10,050 shares of the technology company’s stock worth $347,000 after buying an additional 10,000 shares during the period. Finally, Blue Rock Advisors LLC increased its stake in Godaddy by 0.6% in the third quarter. Blue Rock Advisors LLC now owns 11,415 shares of the technology company’s stock worth $394,000 after buying an additional 68 shares during the period.
Godaddy Inc (NYSE:GDDY) traded down 0.34% during trading on Friday, reaching $37.62. The company had a trading volume of 321,326 shares. The company’s market capitalization is $3.37 billion. The stock has a 50 day moving average of $36.96 and a 200-day moving average of $35.80. Godaddy Inc has a 12 month low of $28.11 and a 12 month high of $38.00.
ILLEGAL ACTIVITY NOTICE: This report was reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://transcriptdaily.com/2017/04/22/gsa-capital-partners-llp-has-367000-stake-in-godaddy-inc-gddy.html.
Several research firms have recently issued reports on GDDY. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Godaddy in a research note on Thursday, February 16th. B. Riley reaffirmed a “buy” rating and set a $45.00 price target on shares of Godaddy in a research note on Thursday, February 16th. Royal Bank of Canada set a $40.00 price target on Godaddy and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $42.00 price target on shares of Godaddy in a research note on Friday, January 27th. Finally, Zacks Investment Research raised shares of Godaddy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.92.
In related news, insider Auguste Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $37.63, for a total transaction of $37,630.00. Following the completion of the transaction, the insider now owns 5,677 shares in the company, valued at approximately $213,625.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Scott Wagner sold 8,000 shares of Godaddy stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $35.77, for a total value of $286,160.00. Following the completion of the transaction, the chief operating officer now owns 10,355 shares of the company’s stock, valued at approximately $370,398.35. The disclosure for this sale can be found here. Insiders have sold a total of 135,905 shares of company stock valued at $4,972,840 in the last 90 days. 25.70% of the stock is owned by corporate insiders.
Godaddy Company Profile
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
