Optimist Retirement Group LLC Has $284,000 Stake in GoDaddy Inc. (NYSE:GDDY)

Optimist Retirement Group LLC reduced its holdings in GoDaddy Inc. (NYSE:GDDY) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,438 shares of the technology company’s stock after selling 98 shares during the quarter. Optimist Retirement Group LLC’s holdings in GoDaddy were worth $284,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in GoDaddy in the 3rd quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy in the third quarter worth $30,000. Anchor Investment Management LLC bought a new position in GoDaddy during the third quarter worth $31,000. Versant Capital Management Inc acquired a new position in GoDaddy during the 4th quarter valued at $43,000. Finally, Friedenthal Financial bought a new stake in GoDaddy in the 4th quarter valued at $49,000. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GDDY. JPMorgan Chase & Co. boosted their price objective on shares of GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company initiated coverage on GoDaddy in a report on Monday. They issued an “equal weight” rating and a $198.00 price target for the company. Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley boosted their price objective on GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group raised their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Six research 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 company. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $198.07.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the transaction, the chief operating officer now directly owns 185,632 shares in the company, valued at approximately $34,119,161.60. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 24,121 shares of the company’s stock, valued at $4,317,659. This trade represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,983 shares of company stock valued at $4,983,133 in the last three months. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $209.64 on Thursday. The firm has a market cap of $29.43 billion, a price-to-earnings ratio of 16.20 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 1-year low of $107.92 and a 1-year high of $216.00. The company has a 50 day moving average of $203.64 and a 200-day moving average of $177.05.

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.