Insider Selling: GoDaddy Inc. (NYSE:GDDY) COO Sells $164,160.00 in Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $164.16, for a total value of $164,160.00. Following the completion of the sale, the chief operating officer now owns 186,632 shares of the company’s stock, valued at approximately $30,637,509.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $152.17, for a total value of $152,170.00.
• On Thursday, August 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The shares were sold at an average price of $146.48, for a total transaction of $585,920.00.

GoDaddy Stock Performance

Shares of GDDY stock opened at $164.70 on Friday. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 13.68 and a beta of 1.12. The company has a debt-to-equity ratio of 24.13, a quick ratio of 0.48 and a current ratio of 0.48. GoDaddy Inc. has a one year low of $71.15 and a one year high of $167.65. The company’s 50-day moving average is $159.14 and its 200 day moving average is $144.63.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. Sell-side analysts expect that GoDaddy Inc. will post 5.07 EPS for the current fiscal year.

Institutional Trading of GoDaddy

Institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in GoDaddy by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock worth $2,837,000 after purchasing an additional 67 shares during the last quarter. Whittier Trust Co. boosted its position in GoDaddy by 4.3% in the second quarter. Whittier Trust Co. now owns 1,781 shares of the technology company’s stock worth $249,000 after purchasing an additional 74 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in GoDaddy by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 12,030 shares of the technology company’s stock worth $1,427,000 after purchasing an additional 113 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of GoDaddy by 3.9% during the 1st quarter. Sivia Capital Partners LLC now owns 3,023 shares of the technology company’s stock valued at $359,000 after purchasing an additional 113 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of GoDaddy by 7.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 1,861 shares of the technology company’s stock worth $292,000 after purchasing an additional 131 shares during the period. Institutional investors own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and set a $186.00 price objective on shares of GoDaddy in a research report on Tuesday, October 15th. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on GoDaddy from $145.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Raymond James upped their price target on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $166.54.

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.