Roger Chen Sells 1,000 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $174.21, for a total value of $174,210.00. Following the transaction, the chief operating officer now owns 257,949 shares of the company’s stock, valued at $44,937,295.29. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Roger Chen also recently made the following trade(s):

• On Friday, February 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00.
• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00.

GoDaddy Trading Up 1.8 %

GoDaddy stock opened at $181.54 on Thursday. The firm has a market cap of $25.66 billion, a price-to-earnings ratio of 28.15 and a beta of 1.25. GoDaddy Inc. has a 1 year low of $118.39 and a 1 year high of $216.00. The firm’s 50 day moving average price is $191.94 and its two-hundred day moving average price is $182.90. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72.

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 analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Institutional Trading of GoDaddy

A number of hedge funds have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of GoDaddy by 2.2% during the third quarter. State Street Corp now owns 6,892,134 shares of the technology company’s stock valued at $1,080,549,000 after acquiring an additional 147,105 shares during the period. Price T Rowe Associates Inc. MD grew its position in GoDaddy by 11.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company’s stock worth $751,778,000 after purchasing an additional 395,160 shares in the last quarter. Geode Capital Management LLC raised its stake in GoDaddy by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company’s stock valued at $692,245,000 after purchasing an additional 90,810 shares during the period. WCM Investment Management LLC lifted its holdings in shares of GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock valued at $678,941,000 after purchasing an additional 3,356,678 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of GoDaddy by 11.6% in the fourth quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company’s stock worth $575,122,000 after buying an additional 304,033 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Jefferies Financial Group increased their price objective on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Citigroup lifted their target price on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Piper Sandler boosted their price target on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Barclays raised their price target on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.20.

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.