Claret Asset Management Corp Purchases Shares of 1,992 GoDaddy Inc. (NYSE:GDDY)

Claret Asset Management Corp acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,992 shares of the technology company’s stock, valued at approximately $211,000.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in shares of GoDaddy during the 4th quarter valued at approximately $33,000. Massmutual Trust Co. FSB ADV raised its holdings in GoDaddy by 140.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock valued at $37,000 after acquiring an additional 205 shares during the last quarter. UMB Bank n.a. purchased a new position in GoDaddy in the 4th quarter worth approximately $50,000. Tobam acquired a new position in shares of GoDaddy during the 4th quarter worth approximately $60,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of GoDaddy in the third quarter valued at approximately $44,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GDDY. William Blair restated an “outperform” rating on shares of GoDaddy in a research report on Friday, May 3rd. Royal Bank of Canada upped their price objective on GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. UBS Group raised their target price on GoDaddy from $118.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Raymond James started coverage on GoDaddy in a research note on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 price target on the stock. Finally, Piper Sandler raised their price objective on GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.55.

GoDaddy Stock Performance

Shares of GDDY traded down $1.08 during midday trading on Thursday, reaching $138.28. 1,323,588 shares of the stock were exchanged, compared to its average volume of 1,398,444. The business’s 50-day moving average price is $127.86 and its 200 day moving average price is $114.07. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 11.49 and a beta of 1.09. The company has a debt-to-equity ratio of 9.15, a current ratio of 0.55 and a quick ratio of 0.55. GoDaddy Inc. has a twelve month low of $69.18 and a twelve month high of $141.27.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, sell-side analysts expect that GoDaddy Inc. will post 4.81 EPS for the current fiscal year.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 4,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $456,440.00. Following the completion of the transaction, the chief operating officer now directly owns 208,632 shares of the company’s stock, valued at approximately $23,806,997.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other GoDaddy news, COO Roger Chen sold 4,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $114.11, for a total value of $456,440.00. Following the sale, the chief operating officer now owns 208,632 shares of the company’s stock, valued at $23,806,997.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 8,687 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $991,273.57. Following the completion of the sale, the chief executive officer now owns 454,031 shares in the company, valued at $51,809,477.41. The disclosure for this sale can be found here. Insiders have sold 129,292 shares of company stock worth $14,567,860 in the last quarter. Company insiders own 0.61% of the company’s stock.

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.