2,147 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new position in shares of GoDaddy Inc. (NYSE:GDDYFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,147 shares of the technology company’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently added to or reduced their stakes in GDDY. Victory Capital Management Inc. lifted its holdings in GoDaddy by 77.2% in the 3rd quarter. Victory Capital Management Inc. now owns 76,517 shares of the technology company’s stock worth $5,699,000 after buying an additional 33,342 shares in the last quarter. Barclays PLC lifted its holdings in GoDaddy by 24.9% in the 3rd quarter. Barclays PLC now owns 155,571 shares of the technology company’s stock worth $11,586,000 after buying an additional 31,034 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in GoDaddy by 99.0% in the 3rd quarter. New York Life Investment Management LLC now owns 17,562 shares of the technology company’s stock worth $1,308,000 after buying an additional 8,737 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in GoDaddy in the 3rd quarter worth $1,401,000. Finally, Amalgamated Bank lifted its holdings in GoDaddy by 462.8% in the 3rd quarter. Amalgamated Bank now owns 92,309 shares of the technology company’s stock worth $6,875,000 after buying an additional 75,906 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $140.13, for a total transaction of $420,390.00. Following the transaction, the chief financial officer now directly owns 109,473 shares in the company, valued at $15,340,451.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark Mccaffrey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $140.13, for a total transaction of $420,390.00. Following the transaction, the chief financial officer now directly owns 109,473 shares in the company, valued at $15,340,451.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $122.60, for a total transaction of $490,400.00. Following the sale, the chief operating officer now directly owns 200,632 shares of the company’s stock, valued at $24,597,483.20. The disclosure for this sale can be found here. Insiders have sold a total of 29,782 shares of company stock worth $3,611,502 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

Shares of GoDaddy stock opened at $140.27 on Tuesday. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55. The firm’s 50-day simple moving average is $128.61 and its 200-day simple moving average is $115.09. GoDaddy Inc. has a twelve month low of $69.18 and a twelve month high of $141.27. The firm has a market cap of $20.02 billion, a P/E ratio of 11.65 and a beta of 1.10.

GoDaddy (NYSE:GDDYGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. As a group, research analysts expect that GoDaddy Inc. will post 4.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GDDY. JPMorgan Chase & Co. boosted their price objective on shares of GoDaddy from $136.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of GoDaddy in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their target price on shares of GoDaddy from $124.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. William Blair reiterated an “outperform” rating on shares of GoDaddy in a report on Friday, May 3rd. Finally, Robert W. Baird lifted their target price on shares of GoDaddy from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.92.

Read Our Latest Stock Report on GDDY

GoDaddy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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