GoDaddy (NYSE:GDDY) Director Brian Sharples Sells 500 Shares

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $133.11, for a total value of $66,555.00. Following the sale, the director owned 19,957 shares of the company’s stock, valued at approximately $2,656,476.27. This represents a 2.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, October 1st, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $136.57, for a total value of $68,285.00.
• On Tuesday, September 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $146.26, for a total value of $73,130.00.

GoDaddy Stock Down 1.5%

GDDY opened at $133.12 on Thursday. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The business has a 50-day moving average of $138.33 and a two-hundred day moving average of $159.89. GoDaddy Inc. has a 12 month low of $125.00 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business posted $1.32 EPS. The business’s revenue was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Citigroup reduced their target price on GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a report on Friday, October 31st. Evercore ISI dropped their price target on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company lowered their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $184.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GDDY. Cornerstone Planning Group LLC increased its holdings in GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Bayforest Capital Ltd bought a new stake in shares of GoDaddy in the 2nd quarter worth approximately $26,000. NewSquare Capital LLC boosted its position in shares of GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in GoDaddy during the 1st quarter valued at $27,000. Finally, Private Trust Co. NA boosted its stake in GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

About GoDaddy

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.