GoDaddy Inc. $GDDY Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 40.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,502 shares of the technology company’s stock after selling 44,297 shares during the period. Natixis Advisors LLC’s holdings in GoDaddy were worth $8,127,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. AXQ Capital LP raised its stake in shares of GoDaddy by 39.0% during the 4th quarter. AXQ Capital LP now owns 17,182 shares of the technology company’s stock worth $2,132,000 after buying an additional 4,825 shares in the last quarter. Ellevest Inc. raised its stake in shares of GoDaddy by 27.5% during the 4th quarter. Ellevest Inc. now owns 2,387 shares of the technology company’s stock worth $296,000 after buying an additional 515 shares in the last quarter. Rothschild Wealth LLC purchased a new position in shares of GoDaddy during the 4th quarter worth approximately $237,000. MUFG Securities EMEA plc raised its stake in shares of GoDaddy by 109.1% during the 4th quarter. MUFG Securities EMEA plc now owns 5,540 shares of the technology company’s stock worth $687,000 after buying an additional 2,890 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of GoDaddy by 5.7% during the 4th quarter. BNP Paribas Financial Markets now owns 945,202 shares of the technology company’s stock worth $117,281,000 after buying an additional 50,959 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GoDaddy news, CAO Phontip Palitwanon sold 542 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total transaction of $48,704.12. Following the sale, the chief accounting officer owned 19,995 shares in the company, valued at approximately $1,796,750.70. This represents a 2.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sigal Zarmi sold 350 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $87.84, for a total value of $30,744.00. Following the sale, the director owned 5,708 shares in the company, valued at approximately $501,390.72. This trade represents a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,561 shares of company stock worth $1,308,104 in the last 90 days. Corporate insiders own 0.93% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $84.59 on Monday. The business’s fifty day moving average price is $85.70 and its two-hundred day moving average price is $99.42. The stock has a market cap of $11.20 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90. The company has a debt-to-equity ratio of 15.86, a quick ratio of 0.67 and a current ratio of 0.67. GoDaddy Inc. has a one year low of $73.06 and a one year high of $183.34.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.GoDaddy’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 EPS. On average, analysts forecast that GoDaddy Inc. will post 7.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GDDY. Citigroup cut their target price on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Piper Sandler assumed coverage on GoDaddy in a research note on Thursday, March 12th. They issued a “neutral” rating and a $93.00 price objective for the company. Benchmark dropped their price objective on GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. UBS Group assumed coverage on GoDaddy in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 price objective for the company. Finally, Cantor Fitzgerald dropped their price objective on GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.57.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.