GoDaddy Inc. (NYSE:GDDY) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its position in GoDaddy Inc. (NYSE:GDDY) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,043,099 shares of the technology company’s stock after selling 628,798 shares during the quarter. GoDaddy makes up about 0.6% of Janus Henderson Group PLC’s holdings, making the stock its 28th biggest holding. Janus Henderson Group PLC owned 5.02% of GoDaddy worth $1,104,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of GoDaddy in the 3rd quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in GoDaddy in the 2nd quarter valued at approximately $28,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy during the 3rd quarter worth approximately $30,000. ORG Partners LLC bought a new position in shares of GoDaddy in the second quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC purchased a new position in GoDaddy in the second quarter valued at about $36,000. Institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GDDY. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. 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. Benchmark upped their target price on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their target price on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird increased their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $173.31.

GoDaddy Stock Performance

GDDY opened at $197.62 on Tuesday. GoDaddy Inc. has a 52-week low of $99.90 and a 52-week high of $202.56. 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 $27.74 billion, a P/E ratio of 15.27 and a beta of 1.15. The firm’s 50-day moving average price is $171.63 and its 200-day moving average price is $156.32.

GoDaddy (NYSE:GDDY) last posted its 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 firm 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%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, equities analysts anticipate that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the completion of the transaction, the chief operating officer now directly owns 185,632 shares of the company’s stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the sale, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,345 shares of company stock worth $3,396,525. 0.61% of the stock is owned by insiders.

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.