GoDaddy Inc. (NYSE:GDDY) Director Sells $103,850.00 in Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares of the company’s stock, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brian Sharples also recently made the following trade(s):

• On Thursday, January 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total value of $99,505.00.
• On Monday, December 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $197.77, for a total value of $98,885.00.
• On Monday, November 11th, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00.

GoDaddy Price Performance

GDDY traded down $0.79 during trading on Wednesday, reaching $209.64. 981,118 shares of the company were exchanged, compared to its average volume of 1,102,544. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 16.20 and a beta of 1.15. GoDaddy Inc. has a 12-month low of $107.92 and a 12-month high of $216.00. The company’s 50-day moving average is $203.64 and its two-hundred day moving average is $177.05.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley raised their price target on shares of GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, B. Riley lifted their price objective on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.07.

Hedge Funds Weigh In On GoDaddy

A number of large investors have recently modified their holdings of GDDY. Quent Capital LLC grew its holdings in shares of GoDaddy by 4.4% during the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock worth $248,000 after purchasing an additional 53 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in GoDaddy by 4.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock worth $283,000 after buying an additional 64 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of GoDaddy by 0.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock worth $2,837,000 after buying an additional 67 shares during the last quarter. New York Life Investment Management LLC raised its position in GoDaddy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock valued at $3,708,000 after purchasing an additional 71 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its holdings in shares of GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock valued at $296,000 after buying an additional 73 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

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.