Insider Selling: GoDaddy Inc. (NYSE:GDDY) COO Sells $194,280.00 in Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $194.28, for a total value of $194,280.00. Following the transaction, the chief operating officer now directly owns 182,632 shares in the company, valued at approximately $35,481,744.96. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $200.57, for a total value of $200,570.00.
• On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00.

GoDaddy Stock Performance

GDDY opened at $173.82 on Friday. The company has a 50 day simple moving average of $201.36 and a two-hundred day simple moving average of $180.93. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm has a market cap of $24.40 billion, a P/E ratio of 26.95 and a beta of 1.15. GoDaddy Inc. has a 1-year low of $108.38 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Equities analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

Hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in GoDaddy during the 3rd quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new position in GoDaddy during the third quarter valued at $31,000. Versant Capital Management Inc purchased a new position in shares of GoDaddy during the fourth quarter valued at about $43,000. Rakuten Securities Inc. lifted its position in shares of GoDaddy by 311.3% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 165 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of GoDaddy by 298.7% in the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after buying an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GDDY shares. Robert W. Baird boosted their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Raymond James boosted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Benchmark raised their price target on GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, UBS Group raised their target price on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

About GoDaddy

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.