12,440 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,440 shares of the technology company's stock, valued at approximately $1,950,000.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of GoDaddy by 94.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company's stock valued at $433,895,000 after acquiring an additional 1,775,708 shares during the period. Kodai Capital Management LP bought a new position in GoDaddy during the 1st quarter valued at $75,855,000. Federated Hermes Inc. increased its position in shares of GoDaddy by 35.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company's stock valued at $209,743,000 after purchasing an additional 394,399 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of GoDaddy by 2,279.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company's stock worth $62,908,000 after buying an additional 384,386 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of GoDaddy by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company's stock valued at $1,748,603,000 after buying an additional 379,228 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler increased their price objective on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. StockNews.com downgraded GoDaddy from a "strong-buy" rating to a "buy" rating in a report on Friday. Raymond James lifted their target price on shares of GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a research report on Friday, August 2nd. Robert W. Baird upped their price target on shares of GoDaddy from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, B. Riley lifted their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $171.38.

GoDaddy Stock Performance

Shares of GoDaddy stock traded up $0.53 on Friday, reaching $177.84. The stock had a trading volume of 852,949 shares, compared to its average volume of 1,022,055. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The business's 50-day moving average price is $159.96 and its two-hundred day moving average price is $149.24. The stock has a market cap of $24.97 billion, a P/E ratio of 13.74 and a beta of 1.11. GoDaddy Inc. has a fifty-two week low of $86.11 and a fifty-two week high of $178.28.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current year.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $152.17, for a total transaction of $152,170.00. Following the sale, the chief operating officer now owns 187,632 shares of the company's stock, valued at approximately $28,551,961.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $166.91, for a total transaction of $500,730.00. Following the sale, the chief executive officer now directly owns 358,773 shares of the company's stock, valued at approximately $59,882,801.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $152.17, for a total value of $152,170.00. Following the completion of the sale, the chief operating officer now owns 187,632 shares in the company, valued at approximately $28,551,961.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,344 shares of company stock worth $4,529,897. 0.61% of the stock is currently owned by company insiders.

GoDaddy 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.