Insider Selling: GoDaddy Inc. (NYSE:GDDY) Director Sells 500 Shares of Stock

GoDaddy Inc. (NYSE:GDDY - Get Free Report) Director Brian Sharples sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $180.66, for a total transaction of $90,330.00. Following the sale, the director now directly owns 22,121 shares in the company, valued at approximately $3,996,379.86. This represents a 2.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brian Sharples also recently made the following trade(s):

• On Monday, February 3rd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00.
• On Thursday, January 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00.

GoDaddy Trading Up 2.0 %

GDDY stock traded up $3.39 on Friday, hitting $175.52. 1,885,520 shares of the company were exchanged, compared to its average volume of 1,331,842. GoDaddy Inc. has a twelve month low of $113.01 and a twelve month high of $216.00. 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 business's fifty day moving average is $195.50 and its two-hundred day moving average is $182.26. The stock has a market capitalization of $24.81 billion, a price-to-earnings ratio of 27.21 and a beta of 1.25.

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

Hedge Funds Weigh In On GoDaddy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in GoDaddy by 2.2% during the third quarter. State Street Corp now owns 6,892,134 shares of the technology company's stock worth $1,080,549,000 after purchasing an additional 147,105 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in GoDaddy by 11.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company's stock worth $751,778,000 after buying an additional 395,160 shares during the period. Geode Capital Management LLC grew its stake in GoDaddy by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company's stock worth $692,245,000 after buying an additional 90,810 shares during the period. WCM Investment Management LLC grew its stake in GoDaddy by 7,083.4% during the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock worth $678,941,000 after buying an additional 3,356,678 shares during the period. Finally, Invesco Ltd. grew its stake in GoDaddy by 11.6% during the fourth quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company's stock worth $575,122,000 after buying an additional 304,033 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 analysts have issued reports on the stock. Raymond James lifted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. B. Riley lifted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Wells Fargo & Company assumed coverage on shares of GoDaddy in a research report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 target price for the company. Morgan Stanley lifted their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, Benchmark lifted their target price on shares of GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Seven investment 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.20.

GoDaddy Company 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.