ExodusPoint Capital Management LP Takes $4.14 Million Position in GoDaddy Inc. (NYSE:GDDY)

ExodusPoint Capital Management LP purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,967 shares of the technology company's stock, valued at approximately $4,138,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Motley Fool Asset Management LLC lifted its holdings in GoDaddy by 11.4% during the 4th quarter. Motley Fool Asset Management LLC now owns 3,197 shares of the technology company's stock worth $631,000 after buying an additional 328 shares during the period. OneAscent Financial Services LLC acquired a new position in shares of GoDaddy in the fourth quarter worth approximately $201,000. Kesler Norman & Wride LLC lifted its stake in shares of GoDaddy by 34.3% in the fourth quarter. Kesler Norman & Wride LLC now owns 4,978 shares of the technology company's stock worth $983,000 after acquiring an additional 1,270 shares during the period. Massachusetts Financial Services Co. MA increased its position in GoDaddy by 13.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 45,242 shares of the technology company's stock valued at $8,929,000 after purchasing an additional 5,457 shares during the period. Finally, Alliance Wealth Management Group bought a new position in GoDaddy during the 4th quarter worth approximately $240,000. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Up 1.8 %

Shares of NYSE GDDY traded up $3.06 during trading on Friday, hitting $172.06. The stock had a trading volume of 2,360,607 shares, compared to its average volume of 1,457,459. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm has a fifty day moving average of $180.85 and a two-hundred day moving average of $185.33. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00. The company has a market capitalization of $24.32 billion, a PE ratio of 26.68 and a beta of 1.19.

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GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GDDY. Morgan Stanley upped their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. UBS Group increased their price target on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Barclays boosted their price objective on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Piper Sandler raised their target price on GoDaddy from $176.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group dropped their price target on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $212.20.

Insider Buying and Selling at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value 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 represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $623,100.00. Following the completion of the sale, the chief executive officer now directly owns 330,153 shares of the company's stock, valued at $68,572,778.10. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $3,546,970 in the last quarter. 0.61% of the stock is currently owned by company insiders.

About GoDaddy

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.