GoDaddy Inc. (NYSE:GDDY) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 184.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,939 shares of the technology company's stock after purchasing an additional 12,935 shares during the quarter. Sanctuary Advisors LLC's holdings in GoDaddy were worth $4,258,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Quent Capital LLC raised its position in shares of GoDaddy by 4.4% during the 4th 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 in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company's stock valued at $296,000 after buying an additional 73 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of GoDaddy by 13.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company's stock valued at $146,000 after buying an additional 88 shares in the last quarter. Avestar Capital LLC raised its position in shares of GoDaddy by 4.5% during the 4th quarter. Avestar Capital LLC now owns 2,206 shares of the technology company's stock valued at $435,000 after buying an additional 96 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of GoDaddy by 11.3% during the 3rd quarter. Lindbrook Capital LLC now owns 974 shares of the technology company's stock valued at $153,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDDY. Robert W. Baird upped their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price target (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Barclays upped their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upped their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

Insider Transactions at GoDaddy

In related news, CAO Phontip Palitwanon sold 770 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,059 shares in the company, valued at $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the transaction, the chief financial officer now owns 84,300 shares of the company's stock, valued at $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,482 shares of company stock worth $4,903,930. Company insiders own 0.61% of the company's stock.

GoDaddy Stock Down 1.6 %

GDDY traded down $2.75 during trading on Friday, hitting $173.82. The stock had a trading volume of 1,477,403 shares, compared to its average volume of 1,434,149. The company has a market capitalization of $24.40 billion, a PE ratio of 26.95 and a beta of 1.15. GoDaddy Inc. has a twelve month low of $108.38 and a twelve month high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The stock has a 50 day simple moving average of $201.36 and a two-hundred day simple moving average of $180.93.

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

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.