GoDaddy Inc. (NYSE:GDDY - Get Free Report) CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $541,980.00. Following the transaction, the chief executive officer now directly owns 505,649 shares in the company, valued at $91,350,548.34. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Amanpal Singh Bhutani also recently made the following trade(s):
- On Monday, February 3rd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $207.70, for a total transaction of $623,100.00.
- On Thursday, January 2nd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total transaction of $597,030.00.
GoDaddy Stock Up 2.0 %
Shares of GDDY stock traded up $3.39 during trading hours on Friday, hitting $175.52. 1,885,520 shares of the company's stock traded hands, compared to its average volume of 1,331,842. The stock's fifty day simple moving average is $195.50 and its two-hundred day simple moving average is $182.26. GoDaddy Inc. has a 12-month low of $113.01 and a 12-month high of $216.00. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 27.21 and a beta of 1.25. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 target price (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Raymond James increased their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. Piper Sandler raised their price objective on shares of GoDaddy from $176.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Benchmark raised their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Robert W. Baird raised their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and an average target price of $213.20.
Check Out Our Latest Analysis on GDDY
Institutional Investors Weigh In On GoDaddy
Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the 3rd quarter worth approximately $27,000. Anchor Investment Management LLC purchased a new position in shares of GoDaddy during the 3rd quarter valued at $31,000. Versant Capital Management Inc purchased a new position in shares of GoDaddy during the 4th quarter valued at $43,000. Rakuten Securities Inc. lifted its stake in shares of GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after buying an additional 165 shares in the last quarter. Finally, Huntington National Bank lifted its stake in GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company's stock.
GoDaddy Company Profile
(
Get Free Report)
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.
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