GoDaddy Inc. (NYSE:GDDY) CAO Nick Daddario Sells 7,278 Shares of Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) CAO Nick Daddario sold 7,278 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $138.92, for a total transaction of $1,011,059.76. Following the completion of the transaction, the chief accounting officer now owns 18,388 shares in the company, valued at $2,554,460.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nick Daddario also recently made the following trade(s):

  • On Monday, June 10th, Nick Daddario sold 600 shares of GoDaddy stock. The shares were sold at an average price of $140.92, for a total transaction of $84,552.00.
  • On Tuesday, June 4th, Nick Daddario sold 523 shares of GoDaddy stock. The shares were sold at an average price of $138.09, for a total transaction of $72,221.07.

GoDaddy Trading Up 1.9 %

Shares of NYSE:GDDY opened at $142.07 on Tuesday. GoDaddy Inc. has a 12 month low of $69.18 and a 12 month high of $142.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. The company’s fifty day simple moving average is $130.55 and its 200 day simple moving average is $116.71. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 11.80 and a beta of 1.10.

GoDaddy (NYSE:GDDYGet Free Report) last released its earnings results on Thursday, May 2nd. The technology company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 forecast that GoDaddy Inc. will post 4.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its position in GoDaddy by 96.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 35,654 shares of the technology company’s stock valued at $4,275,000 after purchasing an additional 17,490 shares in the last quarter. Cetera Advisors LLC grew its position in GoDaddy by 16.0% in the first quarter. Cetera Advisors LLC now owns 7,755 shares of the technology company’s stock valued at $920,000 after purchasing an additional 1,068 shares in the last quarter. Cetera Investment Advisers grew its position in GoDaddy by 365.9% in the first quarter. Cetera Investment Advisers now owns 16,198 shares of the technology company’s stock valued at $1,922,000 after purchasing an additional 12,721 shares in the last quarter. Invst LLC bought a new position in GoDaddy in the first quarter valued at $873,000. Finally, PGGM Investments grew its position in GoDaddy by 6.4% in the first quarter. PGGM Investments now owns 46,687 shares of the technology company’s stock valued at $5,541,000 after purchasing an additional 2,797 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. B. Riley increased their price objective on shares of GoDaddy from $124.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Benchmark reiterated a “buy” rating and issued a $150.00 target price on shares of GoDaddy in a report on Wednesday, May 1st. Royal Bank of Canada increased 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, Raymond James began coverage on shares of GoDaddy in a report on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and an average target price of $149.92.

View Our Latest Research Report on GDDY

About GoDaddy

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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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