28,033 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,033 shares of the technology company's stock, valued at approximately $4,395,000.

Several other large investors also recently bought and sold shares of GDDY. LBP AM SA purchased a new stake in shares of GoDaddy in the first quarter valued at approximately $3,021,000. iA Global Asset Management Inc. grew its holdings in GoDaddy by 7.6% in the 1st quarter. iA Global Asset Management Inc. now owns 2,653 shares of the technology company's stock valued at $315,000 after buying an additional 187 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of GoDaddy by 2,471.0% in the 1st quarter. Plato Investment Management Ltd now owns 6,479 shares of the technology company's stock worth $769,000 after acquiring an additional 6,227 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of GoDaddy during the 1st quarter worth $45,000. Finally, Virtu Financial LLC purchased a new position in shares of GoDaddy during the 1st quarter worth $743,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Down 0.6 %

Shares of GDDY stock traded down $1.15 during trading on Wednesday, reaching $198.58. The company's stock had a trading volume of 257,524 shares, compared to its average volume of 1,458,416. GoDaddy Inc. has a 1-year low of $96.42 and a 1-year high of $202.56. The stock's 50-day moving average price is $168.48 and its 200 day moving average price is $154.54. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 15.33 and a beta of 1.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, research analysts anticipate that GoDaddy Inc. will post 4.95 EPS for the current year.

Insider Buying and Selling at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the transaction, the chief operating officer now owns 187,632 shares of the company's stock, valued at $28,551,961.44. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares of the company's stock, valued at $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,345 shares of company stock valued at $3,897,255 in the last quarter. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. B. Riley raised their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. Barclays upped their price objective on GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Piper Sandler raised their target price on GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $173.31.

GoDaddy 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.