7,388 Shares in GoDaddy Inc. (NYSE:GDDY) Acquired by Katamaran Capital LLP

Katamaran Capital LLP bought a new stake in 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 bought 7,388 shares of the technology company's stock, valued at approximately $1,458,000. GoDaddy accounts for approximately 1.9% of Katamaran Capital LLP's holdings, making the stock its 20th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC boosted its position in GoDaddy by 4.4% during the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock valued at $248,000 after buying an additional 53 shares during the period. Lake Street Advisors Group LLC lifted its position in GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock valued at $283,000 after purchasing an additional 64 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of GoDaddy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock valued at $3,708,000 after purchasing an additional 71 shares during the period. Metis Global Partners LLC grew its holdings in shares of GoDaddy by 1.1% in the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock worth $1,294,000 after purchasing an additional 74 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of GoDaddy by 13.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company's stock worth $146,000 after buying an additional 88 shares during the period. Institutional investors own 90.28% of the company's stock.

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GoDaddy Stock Down 2.2 %

Shares of NYSE GDDY traded down $3.75 on Thursday, reaching $170.37. 590,397 shares of the company's stock traded hands, compared to its average volume of 1,445,288. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The business's 50 day simple moving average is $182.49 and its two-hundred day simple moving average is $185.15. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 26.42 and a beta of 1.19.

GoDaddy (NYSE:GDDY - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $1.18 billion. 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 equities research analysts have issued reports on the stock. Wells Fargo & Company started coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target on the stock. Citigroup upped their price target on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Benchmark lifted their price objective on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Barclays upped their target price on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Morgan Stanley raised their price target on GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GoDaddy currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.20.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the transaction, the chief operating officer now directly owns 257,949 shares of the company's stock, valued at $44,937,295.29. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the sale, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,000 shares of company stock valued at $3,546,970. 0.61% of the stock is owned by insiders.

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.