Insider Selling: GoDaddy Inc. (NYSE:GDDY) COO Sells 1,000 Shares of Stock

GoDaddy Inc. (NYSE:GDDY - Get Free Report) COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $194.28, for a total value of $194,280.00. Following the completion of the transaction, the chief operating officer now directly owns 182,632 shares in the company, valued at approximately $35,481,744.96. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Roger Chen also recently made the following trade(s):

• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $200.57, for a total value of $200,570.00.
• On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $207.35, for a total value of $207,350.00.

GoDaddy Stock Down 1.6 %

Shares of GDDY traded down $2.75 during midday trading on Friday, reaching $173.82. 1,477,403 shares of the stock were exchanged, compared to its average volume of 1,434,149. GoDaddy Inc. has a 52 week low of $108.38 and a 52 week high of $216.00. The company's 50 day moving average is $201.36 and its two-hundred day moving average is $181.13. The company has a market capitalization of $24.40 billion, a P/E ratio of 26.95 and a beta of 1.15. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. On average, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Institutional Investors Weigh In On GoDaddy

A number of institutional investors have recently added to or reduced their stakes in GDDY. Ashton Thomas Securities LLC bought a new stake in GoDaddy during the third quarter valued at about $27,000. Anchor Investment Management LLC purchased a new stake in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in shares of GoDaddy in the fourth quarter worth about $43,000. Rakuten Securities Inc. raised its stake in shares of GoDaddy by 311.3% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of GoDaddy by 298.7% in the third quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GDDY shares. Piper Sandler boosted their price target on GoDaddy from $176.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Robert W. Baird upped their price objective on GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Citigroup upped their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group upped their price objective on GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GoDaddy has an average rating of "Moderate Buy" and an average price target of $213.20.

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.