GoDaddy Inc. (NYSE:GDDY) COO Sells $183,800.00 in Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now owns 185,632 shares in the company, valued at $34,119,161.60. The trade was a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, October 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $164.16, for a total value of $164,160.00.
• On Monday, September 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $152.17, for a total value of $152,170.00.

GoDaddy Price Performance

GDDY stock opened at $192.85 on Friday. GoDaddy Inc. has a 1 year low of $94.50 and a 1 year high of $193.26. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 14.90 and a beta of 1.11. The company has a 50 day simple moving average of $164.93 and a 200 day simple moving average of $152.55.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. GoDaddy’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Research analysts anticipate that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in GoDaddy during the 3rd quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in GoDaddy in the third quarter valued at approximately $30,000. Transcendent Capital Group LLC acquired a new position in shares of GoDaddy during the second quarter worth approximately $28,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the third quarter worth approximately $31,000. Finally, ORG Partners LLC acquired a new stake in GoDaddy in the 2nd quarter valued at $32,000. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GDDY has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Robert W. Baird raised their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays increased their price target on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Benchmark boosted their price target on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.31.

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.