GoDaddy (NYSE:GDDY) Director Sells $75,252.15 in Stock

GoDaddy Inc. (NYSE:GDDY) Director Leah Sweet sold 645 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $116.67, for a total value of $75,252.15. Following the transaction, the director directly owned 13,044 shares in the company, valued at $1,521,843.48. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Leah Sweet also recently made the following trade(s):

• On Tuesday, September 1st, Leah Sweet sold 325 shares of GoDaddy stock. The stock was sold at an average price of $97.44, for a total value of $31,668.00.
• On Friday, August 28th, Leah Sweet sold 325 shares of GoDaddy stock. The stock was sold at an average price of $97.37, for a total value of $31,645.25.

GoDaddy Stock Up 1.5%

NYSE:GDDY traded up $1.69 on Tuesday, hitting $113.40. 1,114,027 shares of the company’s stock traded hands, compared to its average volume of 2,233,774. The company has a market cap of $14.36 billion, a PE ratio of 15.51 and a beta of 0.94. GoDaddy Inc. has a 1 year low of $71.59 and a 1 year high of $133.34. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 561.10. The firm has a 50-day moving average price of $103.58 and a 200-day moving average price of $92.43.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.18. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. GoDaddy had a net margin of 18.56% and a return on equity of 1,200.87%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. Equities analysts anticipate that GoDaddy Inc. will post 7.48 EPS for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock worth $30,000 after acquiring an additional 180 shares in the last quarter. Perkins Coie Trust Co bought a new position in shares of GoDaddy in the 2nd quarter valued at approximately $34,000. Albion Financial Group UT bought a new position in shares of GoDaddy in the 3rd quarter valued at approximately $39,000. Elevation Wealth Partners LLC lifted its holdings in GoDaddy by 109.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 473 shares of the technology company’s stock worth $45,000 after purchasing an additional 247 shares during the last quarter. Finally, Provenance Wealth Advisors LLC acquired a new stake in GoDaddy in the 3rd quarter worth approximately $67,000. 90.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut GoDaddy to a “buy” rating in a research report on Friday, July 31st. UBS Group upped their target price on GoDaddy from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Citigroup raised their price target on GoDaddy from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Weiss Ratings upgraded GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Raymond James Financial cut GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price target for the company. in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.62.

GoDaddy Company Profile

GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.