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

GoDaddy Inc. (NYSE:GDDY - Get Free Report) Director Brian Sharples sold 500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the transaction, the director now owns 21,621 shares in the company, valued at approximately $3,888,536.85. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Brian Sharples also recently made the following trade(s):

• On Monday, March 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $180.66, for a total transaction of $90,330.00.
• On Monday, February 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00.

GoDaddy Stock Performance

NYSE:GDDY traded up $1.44 during mid-day trading on Tuesday, reaching $163.92. The stock had a trading volume of 548,015 shares, compared to its average volume of 1,438,171. GoDaddy Inc. has a twelve month low of $119.76 and a twelve month high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The business has a 50 day simple moving average of $186.12 and a 200 day simple moving average of $185.27. The firm has a market capitalization of $23.17 billion, a price-to-earnings ratio of 25.32 and a beta of 1.19.

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GoDaddy (NYSE:GDDY - Get Free Report) last posted its 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). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.18 billion. On average, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

GDDY has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Piper Sandler raised their target price on GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. StockNews.com cut GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. UBS Group raised their price objective on GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Finally, B. Riley increased their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy currently has a consensus rating of "Moderate Buy" and an average price target of $212.20.

Institutional Trading of GoDaddy

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in GoDaddy by 22.4% in the first quarter. Parallel Advisors LLC now owns 2,980 shares of the technology company's stock valued at $537,000 after acquiring an additional 545 shares in the last quarter. GAMMA Investing LLC lifted its holdings in GoDaddy by 18,248.7% during the 1st quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock worth $92,516,000 after buying an additional 510,780 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in GoDaddy by 16.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 862 shares of the technology company's stock worth $155,000 after purchasing an additional 120 shares during the period. California State Teachers Retirement System grew its position in shares of GoDaddy by 6.0% during the 4th quarter. California State Teachers Retirement System now owns 233,188 shares of the technology company's stock valued at $46,024,000 after buying an additional 13,206 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of GoDaddy by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,184 shares of the technology company's stock worth $1,023,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds 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.