GoDaddy Inc. (NYSE:GDDY) COO Sells $183,800.00 in Stock

GoDaddy Inc. (NYSE:GDDY - Get Free Report) COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the transaction, the chief operating officer now directly owns 185,632 shares of the company's stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, October 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $164.16, for a total transaction of $164,160.00.
• On Monday, September 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $152.17, for a total transaction of $152,170.00.

GoDaddy Stock Performance

NYSE GDDY traded up $2.44 during mid-day trading on Tuesday, reaching $187.46. 1,187,446 shares of the stock were exchanged, compared to its average volume of 1,460,530. The company has a market capitalization of $26.32 billion, a P/E ratio of 14.49 and a beta of 1.11. 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 is $163.41 and its 200-day moving average is $151.84. GoDaddy Inc. has a 1 year low of $91.86 and a 1 year high of $190.21.

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

Institutional Trading of GoDaddy

Several institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC raised its stake in shares of GoDaddy by 7.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,197 shares of the technology company's stock worth $1,285,000 after buying an additional 539 shares during the period. Coldstream Capital Management Inc. purchased a new stake in GoDaddy in the 3rd quarter worth $314,000. Geode Capital Management LLC raised its position in GoDaddy by 2.5% during the third quarter. Geode Capital Management LLC now owns 3,423,622 shares of the technology company's stock worth $535,153,000 after acquiring an additional 84,550 shares during the period. Vestcor Inc lifted its holdings in GoDaddy by 1,156.5% during the third quarter. Vestcor Inc now owns 31,249 shares of the technology company's stock valued at $4,899,000 after purchasing an additional 28,762 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in GoDaddy by 1.5% during the third quarter. M&T Bank Corp now owns 9,539 shares of the technology company's stock valued at $1,496,000 after purchasing an additional 145 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their target price on GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday. Benchmark lifted their target price on GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Raymond James upped their target price on GoDaddy from $150.00 to $175.00 and gave the company a "strong-buy" rating in a research report on Friday, August 2nd. StockNews.com lowered shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. Five 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 stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.31.

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.

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