Glaxis Capital Management LLC Purchases New Shares in GoDaddy Inc. (NYSE:GDDY)

Glaxis Capital Management LLC acquired a new position in GoDaddy Inc. (NYSE:GDDY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,500 shares of the technology company's stock, valued at approximately $706,000. GoDaddy accounts for approximately 2.7% of Glaxis Capital Management LLC's investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors have also modified their holdings of GDDY. Ashton Thomas Securities LLC purchased a new position in GoDaddy in the third quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in shares of GoDaddy in the 3rd quarter valued at $30,000. Transcendent Capital Group LLC acquired a new stake in GoDaddy during the 2nd quarter worth $28,000. ORG Partners LLC acquired a new stake in GoDaddy during the 2nd quarter worth $32,000. Finally, International Assets Investment Management LLC purchased a new position in GoDaddy during the 2nd quarter worth $36,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GDDY. B. Riley raised their price target on shares of GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. StockNews.com downgraded shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Barclays raised their target price on shares of 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 raised their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.31.

GoDaddy Trading Up 1.4 %

NYSE:GDDY traded up $2.71 on Wednesday, reaching $190.11. The stock had a trading volume of 1,080,259 shares, compared to its average volume of 1,459,131. GoDaddy Inc. has a 12-month low of $92.45 and a 12-month high of $190.54. The firm's fifty day moving average is $164.16 and its two-hundred day moving average is $152.29. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $26.69 billion, a price-to-earnings ratio of 14.57 and a beta of 1.11.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities analysts expect that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now owns 185,632 shares in the company, valued at approximately $34,119,161.60. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $164.75, for a total value of $906,125.00. Following the completion of the transaction, the chief financial officer now directly owns 101,286 shares of the company's stock, valued at approximately $16,686,868.50. This represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,845 shares of company stock worth $4,803,380 over the last 90 days. Insiders own 0.61% of the company's stock.

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.