GoDaddy Inc. (NYSE:GDDY) CEO Sells $623,100.00 in Stock

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $623,100.00. Following the transaction, the chief executive officer now owns 330,153 shares of the company’s stock, valued at $68,572,778.10. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Amanpal Singh Bhutani also recently made the following trade(s):

• On Thursday, January 2nd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total value of $597,030.00.
• On Monday, December 2nd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $197.77, for a total value of $593,310.00.

GoDaddy Trading Up 0.1 %

NYSE GDDY opened at $211.14 on Friday. The company has a market cap of $29.64 billion, a PE ratio of 16.32 and a beta of 1.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a 12 month low of $107.92 and a 12 month high of $216.00. The stock has a 50 day moving average of $203.90 and a 200-day moving average of $177.29.

Institutional Investors Weigh In On GoDaddy

Several large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of GoDaddy by 38.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,586 shares of the technology company’s stock valued at $510,000 after buying an additional 719 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of GoDaddy by 25.7% in the 4th quarter. HighTower Advisors LLC now owns 20,604 shares of the technology company’s stock valued at $4,067,000 after buying an additional 4,219 shares during the last quarter. GC Wealth Management RIA LLC acquired a new stake in GoDaddy during the 4th quarter valued at $278,000. Citizens Financial Group Inc. RI lifted its holdings in GoDaddy by 37.1% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,043 shares of the technology company’s stock valued at $403,000 after purchasing an additional 553 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in GoDaddy during the 4th quarter valued at $14,801,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on GDDY shares. B. Riley increased their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com cut GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 target price (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Benchmark increased their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.53.

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.