GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples Sells 500 Shares

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $182.03, for a total transaction of $91,015.00. Following the transaction, the director now owns 20,621 shares in the company, valued at $3,753,640.63. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brian Sharples also recently made the following trade(s):

• On Thursday, May 1st, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $190.86, for a total transaction of $95,430.00.
• On Tuesday, April 1st, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00.

GoDaddy Trading Up 0.3%

Shares of NYSE:GDDY opened at $182.19 on Thursday. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 28.25 and a beta of 1.13. GoDaddy Inc. has a 1-year low of $135.73 and a 1-year high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The company has a 50 day moving average price of $179.34 and a 200 day moving average price of $189.45.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.08). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $2.76 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays cut their price objective on shares of GoDaddy from $243.00 to $235.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. B. Riley boosted their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley cut their price objective on shares of GoDaddy from $228.00 to $206.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group cut their price objective on shares of GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a research report on Monday, April 7th. Finally, UBS Group boosted their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Seven investment 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 stock. According to MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average target price of $214.86.

Institutional Investors Weigh In On GoDaddy

A number of institutional investors have recently modified their holdings of GDDY. Proficio Capital Partners LLC bought a new position in GoDaddy in the 4th quarter worth $25,554,000. Jones Financial Companies Lllp raised its holdings in GoDaddy by 68.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock worth $243,000 after acquiring an additional 499 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in GoDaddy by 16.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company’s stock worth $134,000 after acquiring an additional 98 shares during the period. LPL Financial LLC raised its holdings in GoDaddy by 22.9% in the 4th quarter. LPL Financial LLC now owns 66,109 shares of the technology company’s stock worth $13,048,000 after acquiring an additional 12,328 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in GoDaddy in the 4th quarter worth $220,000. Institutional investors and hedge funds 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.