Crossmark Global Holdings Inc. Has $7.69 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Crossmark Global Holdings Inc. decreased its position in GoDaddy Inc. (NYSE:GDDY) by 11.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,948 shares of the technology company’s stock after selling 5,106 shares during the period. Crossmark Global Holdings Inc.’s holdings in GoDaddy were worth $7,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy in the third quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in GoDaddy in the 3rd quarter worth about $30,000. Anchor Investment Management LLC acquired a new stake in GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc purchased a new position in GoDaddy during the 4th quarter valued at about $43,000. Finally, Friedenthal Financial purchased a new stake in shares of GoDaddy in the fourth quarter worth approximately $49,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on GDDY shares. B. Riley boosted their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Raymond James raised their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Benchmark increased their price objective on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Piper Sandler lifted their target price on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average target price of $198.07.

Insider Buying and Selling

In other GoDaddy news, Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00. Following the completion of the sale, the director now directly owns 24,121 shares of the company’s stock, valued at approximately $4,317,659. The trade was a 2.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 770 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,059 shares in the company, valued at $4,534,321.76. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,483 shares of company stock worth $4,759,553 in the last quarter. Insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $205.66 on Wednesday. The business has a fifty day moving average of $199.16 and a 200-day moving average of $171.78. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a twelve month low of $106.42 and a twelve month high of $211.11. The firm has a market cap of $28.87 billion, a PE ratio of 15.89 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

GoDaddy 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.