GoDaddy Inc. (NYSE: GDDY – Rated) insider Michele Lau sold 456 GoDaddy shares in trading on Wednesday, Nov. 2. The average selling price of these shares was $76.81 for a total value of $35,025.36. Following the transaction, the insiders now directly own 62,553 shares of the company, valued at $4,804,695.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
GoDaddy shares fell 7.0%
On the New York Stock Exchange, GDDY fell $5.12 to $67.53 in Friday’s session. The company’s stock was traded at 3,380,665 shares compared to its average volume of 1,336,146 shares. The company’s 50-day moving average is $75.09 and its 200-day moving average is $74.88. GoDaddy Inc. had a 1-year low of $64.65 and a 1-year high of $88.32. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 32.62, a PEG of 2.40, and a beta of 0.95.
GoDaddy (NYSE: GDDY – Get Rating) last released quarterly earnings data on Wednesday, August 3rd. The tech company reported earnings per share (EPS) of $0.56 for the quarter, beating analysts’ consensus estimate of $0.47 by $0.09. GoDaddy’s ROE is 147.44% and its net profit margin is 8.58%. The business reported revenue of $1.02 billion for the quarter, compared with the consensus estimate of $1.02 billion. Equity Research analysts expect GoDaddy Inc. to report earnings per share of 2.2 for the current fiscal year.
Institutional Transactions at GoDaddy
Some large investors have recently increased or reduced their stakes in the company. Park Avenue Securities LLC increased its position in GoDaddy stock by 2.0% in the third quarter. Park Avenue Securities LLC now owns 7,120 shares of the tech company’s stock, worth $505,000, after buying an additional 139 shares in the previous quarter. Ieq Capital LLC increased its stake in GoDaddy by 4.6% in the third quarter. Ieq Capital LLC now owns 3,247 shares of the tech company’s stock, worth $230,000, after purchasing an additional 143 shares during the period. Quadrant Capital Group LLC increased its stake in GoDaddy by 23.3% in the first quarter. Quadrant Capital Group LLC bought another 179 shares during this period and now owns 947 shares of the tech company’s stock, valued at $79,000. Tokio Marine Asset Management Co. Ltd. increased its stake in GoDaddy by 3.9% in the second quarter. After buying an additional 200 shares during the period, Tokio Marine Asset Management Co. Ltd. now owns 5,279 shares of the tech company’s stock, valued at $367,000. Finally, Tobam added 31.7% of GoDaddy shares in the first quarter. After buying an additional 210 shares during this period, Tobam now owns 872 shares of the tech company’s stock, worth $73,000. Institutional investors hold 96.50% of the company.
Analyst upgrades and downgrades
GDDY has been the subject of many analyst reports. Piper Sandler cut its price target on GoDaddy to $100.00 from $110.00 in a research note Friday, with an “overweight” rating on the stock. Evercore ISI raised its price target for GoDaddy to $91.00 in a research note on Tuesday, Aug. 9. Morgan Stanley raised its price target on GoDaddy to $93.00 from $91.00 in a research note on Thursday, Aug. 4, giving the company an “equal weight” rating. Raymond James lowered his price target on GoDaddy to $88.00 from $100.00 and set a “strong buy” rating on the stock in a report on Friday. Finally, StockNews.com began covering GoDaddy in a report on Wednesday, October 12. They have a “buy” rating on the stock. One investment analyst has a hold rating on the stock, four have a buy rating and one has a strong buy rating on the company. According to MarketBeat, the stock has a consensus rating of “buy” and a consensus price target of $97.86.
(get a rating)
GoDaddy Inc designs and develops cloud-based technology products in the United States and internationally. The company offers domain registration products that can attract customers in the initial stages of establishing a digital identity. It also offers shared website hosting products that offer a variety of applications and products such as web analytics, Secure Sockets Layer certificates, and WordPress; websites hosted on virtual private servers and virtual private server products, allowing customers to choose the applications, requirements, and growing server configurations; managed products, which are used to set up, monitor, maintain, secure and patch software and servers for customers; and security products, a suite of tools designed to help protect customers’ online presence.
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