Phontip Palitwanon Sells 770 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CAO Phontip Palitwanon sold 770 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,059 shares in the company, valued at $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Phontip Palitwanon also recently made the following trade(s):

• On Friday, November 15th, Phontip Palitwanon sold 1 shares of GoDaddy stock. The shares were sold at an average price of $183.02, for a total value of $183.02.

GoDaddy Price Performance

GoDaddy stock opened at $208.54 on Friday. 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 has a market capitalization of $29.28 billion, a P/E ratio of 16.12 and a beta of 1.15. The business has a 50-day moving average of $174.49 and a 200-day moving average of $157.48. GoDaddy Inc. has a 1 year low of $99.90 and a 1 year high of $210.30.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. On average, equities analysts anticipate that GoDaddy Inc. will post 4.98 EPS for the current year.

Institutional Trading of GoDaddy

Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of GoDaddy by 365.9% during the first quarter. Cetera Investment Advisers now owns 16,198 shares of the technology company’s stock worth $1,922,000 after purchasing an additional 12,721 shares during the period. Cetera Advisors LLC lifted its stake in GoDaddy by 16.0% in the first quarter. Cetera Advisors LLC now owns 7,755 shares of the technology company’s stock valued at $920,000 after buying an additional 1,068 shares in the last quarter. GAMMA Investing LLC lifted its stake in GoDaddy by 315.6% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the technology company’s stock valued at $153,000 after buying an additional 830 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of GoDaddy by 28.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 681 shares of the technology company’s stock valued at $95,000 after buying an additional 152 shares during the period. Finally, DNB Asset Management AS increased its position in shares of GoDaddy by 7.5% during the second quarter. DNB Asset Management AS now owns 22,037 shares of the technology company’s stock worth $3,079,000 after acquiring an additional 1,533 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GDDY shares. B. Riley lifted their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays increased 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a report on Wednesday. Finally, Robert W. Baird lifted their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.57.

About GoDaddy

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.