GoDaddy Inc. (NYSE:GDDY) COO Sells $200,570.00 in Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total value of $200,570.00. Following the transaction, the chief operating officer now owns 183,632 shares of the company’s stock, valued at $36,831,070.24. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $207.35, for a total transaction of $207,350.00.
• On Friday, November 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00.

GoDaddy Stock Performance

Shares of GDDY stock opened at $200.89 on Monday. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.15. GoDaddy Inc. has a 1-year low of $106.32 and a 1-year high of $211.11. 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 stock’s fifty day simple moving average is $198.80 and its 200-day simple moving average is $171.38.

GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. 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 business posted $0.89 EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of research reports. Piper Sandler increased their price target on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. B. Riley boosted their price target on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird raised their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $194.14.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp grew its holdings in shares of GoDaddy by 1.6% during the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after acquiring an additional 13,206 shares in the last quarter. Choreo LLC purchased a new position in GoDaddy in the second quarter valued at about $205,000. American Century Companies Inc. increased its position in GoDaddy by 374.3% in the 2nd quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock worth $21,020,000 after purchasing an additional 118,731 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of GoDaddy by 12.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,236 shares of the technology company’s stock worth $312,000 after purchasing an additional 256 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of GoDaddy by 20.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 37,661 shares of the technology company’s stock worth $5,262,000 after purchasing an additional 6,313 shares in the last quarter. 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.