Captrust Financial Advisors Sells 3,085 Shares of GoDaddy Inc. (NYSE:GDDY)

Captrust Financial Advisors lowered its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 27.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,190 shares of the technology company's stock after selling 3,085 shares during the period. Captrust Financial Advisors' holdings in GoDaddy were worth $1,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GDDY. Vinva Investment Management Ltd grew its position in GoDaddy by 22.7% in the third quarter. Vinva Investment Management Ltd now owns 123,734 shares of the technology company's stock worth $19,303,000 after acquiring an additional 22,929 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of GoDaddy by 17.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company's stock worth $214,584,000 after purchasing an additional 203,909 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of GoDaddy by 41.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,086 shares of the technology company's stock valued at $484,000 after purchasing an additional 902 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of GoDaddy by 68.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 355,260 shares of the technology company's stock valued at $55,698,000 after buying an additional 143,809 shares in the last quarter. Finally, Avestar Capital LLC lifted its position in GoDaddy by 13.4% in the 3rd quarter. Avestar Capital LLC now owns 2,110 shares of the technology company's stock worth $331,000 after buying an additional 249 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $152.17, for a total value of $152,170.00. Following the sale, the chief operating officer now owns 187,632 shares in the company, valued at approximately $28,551,961.44. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $179.00, for a total transaction of $89,500.00. Following the transaction, the director now owns 24,121 shares of the company's stock, valued at $4,317,659. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,925 shares of company stock worth $4,237,184 over the last ninety days. 0.61% of the stock is owned by corporate insiders.

GoDaddy Trading Down 0.9 %

GDDY stock traded down $1.98 on Friday, reaching $206.56. The company's stock had a trading volume of 1,044,259 shares, compared to its average volume of 1,391,428. The firm has a market cap of $29.00 billion, a PE ratio of 15.96 and a beta of 1.15. The business has a fifty day simple moving average of $175.50 and a two-hundred day simple moving average of $158.09. GoDaddy Inc. has a 12-month low of $99.90 and a 12-month high of $210.30. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, research analysts forecast that GoDaddy Inc. will post 4.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Robert W. Baird increased their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of GoDaddy from $175.00 to $224.00 and gave the company an "overweight" rating in a report on Wednesday. Benchmark boosted their price target on shares of GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Barclays raised their price objective on GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Finally, Piper Sandler boosted their target price on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average target price of $181.57.

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.