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

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $188.21, for a total transaction of $188,210.00. Following the completion of the sale, the chief operating officer now owns 255,949 shares of the company’s stock, valued at approximately $48,172,161.29. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, April 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00.
• On Friday, March 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $174.21, for a total value of $174,210.00.

GoDaddy Stock Down 0.2%

GDDY opened at $189.86 on Tuesday. GoDaddy Inc. has a 12 month low of $135.03 and a 12 month high of $216.00. The company has a market cap of $27.05 billion, a PE ratio of 29.44 and a beta of 1.13. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a 50 day moving average of $178.78 and a 200 day moving average of $189.31.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GDDY. Wells Fargo & Company began coverage on GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective on the stock. Citigroup cut their price target on shares of GoDaddy from $260.00 to $234.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Jefferies Financial Group decreased their price objective on shares of GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a report on Monday, April 7th. StockNews.com cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, Piper Sandler raised their price target on shares of GoDaddy from $177.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.86.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted its holdings in shares of GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in GoDaddy in the 1st quarter worth approximately $27,000. Private Trust Co. NA lifted its stake in GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in GoDaddy in the 1st quarter valued at $30,000. Finally, Banque Transatlantique SA purchased a new position in shares of GoDaddy during the 1st quarter valued at $36,000. Institutional investors own 90.28% of the company’s stock.

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.