GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani Sells 2,980 Shares of Stock
GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 2,980 shares of the business’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $81.38, for a total value of $242,512.40. Following the transaction, the chief executive officer now directly owns 159,074 shares in the company, valued at approximately $12,945,442.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Amanpal Singh Bhutani also recently made the following trade(s):
- On Monday, February 22nd, Amanpal Singh Bhutani sold 9,365 shares of GoDaddy stock. The stock was sold at an average price of $82.41, for a total value of $771,769.65.
GDDY stock opened at $82.99 on Thursday. GoDaddy Inc. has a 12 month low of $58.31 and a 12 month high of $93.75. The company has a market cap of $14.11 billion, a price-to-earnings ratio of -26.77, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. The company has a fifty day moving average price of $78.06 and a 200 day moving average price of $79.30.
Several research firms have weighed in on GDDY. Zacks Investment Research cut shares of GoDaddy from a “hold” rating to a “sell” rating and set a $87.00 price target for the company. in a research note on Wednesday. Barclays raised their target price on GoDaddy from $90.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, February 12th. Piper Sandler upped their price target on GoDaddy from $93.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 12th. Wolfe Research assumed coverage on GoDaddy in a research report on Wednesday, March 31st. They set an “outperform” rating and a $92.00 price objective for the company. Finally, Evercore ISI began coverage on shares of GoDaddy in a research note on Monday. They set an “in-line” rating and a $87.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $97.76.
A number of large investors have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. acquired a new stake in GoDaddy in the fourth quarter valued at $212,000. Amundi Pioneer Asset Management Inc. increased its holdings in shares of GoDaddy by 164.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 241,884 shares of the technology company’s stock valued at $20,064,000 after purchasing an additional 150,497 shares in the last quarter. Tealwood Asset Management Inc. lifted its stake in shares of GoDaddy by 26.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 17,138 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 3,626 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in GoDaddy by 16.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 163,639 shares of the technology company’s stock worth $13,574,000 after buying an additional 23,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in GoDaddy by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,182 shares of the technology company’s stock worth $44,478,000 after buying an additional 23,315 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products such as web analytics, SSL certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.
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