Brian Sharples Sells 500 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the transaction, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. This represents a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

GoDaddy Stock Performance

GoDaddy stock opened at $185.28 on Friday. 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 capitalization of $26.01 billion, a P/E ratio of 14.32 and a beta of 1.11. The stock’s 50 day moving average is $161.46 and its 200 day moving average is $150.36. GoDaddy Inc. has a twelve month low of $90.42 and a twelve month high of $190.21.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. On average, equities research analysts predict that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GDDY. B. Riley boosted their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays boosted their price target on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Piper Sandler boosted their price target on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Benchmark boosted their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their price target on GoDaddy from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.38.

Institutional Trading of GoDaddy

Several hedge funds and other institutional investors have recently made changes to their positions in GDDY. Ashton Thomas Securities LLC purchased a new stake in GoDaddy during the 3rd quarter valued at $27,000. ORG Wealth Partners LLC purchased a new stake in GoDaddy during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC purchased a new stake in GoDaddy during the 2nd quarter valued at $28,000. ORG Partners LLC purchased a new stake in GoDaddy during the 2nd quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new stake in GoDaddy during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

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.