Candriam S.C.A. Sells 15,111 Shares of GoDaddy Inc. $GDDY

Candriam S.C.A. decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 26.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,350 shares of the technology company’s stock after selling 15,111 shares during the period. Candriam S.C.A.’s holdings in GoDaddy were worth $5,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hemington Wealth Management grew its stake in shares of GoDaddy by 85.9% in the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of GoDaddy during the 2nd quarter worth approximately $26,000. NewSquare Capital LLC increased its holdings in shares of GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares during the period. Root Financial Partners LLC bought a new position in shares of GoDaddy during the third quarter worth approximately $31,000. Finally, Mather Group LLC. acquired a new stake in shares of GoDaddy in the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GDDY. Royal Bank Of Canada set a $70.00 price target on GoDaddy in a research report on Wednesday, January 7th. Evercore reduced their target price on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, October 31st. B. Riley Financial decreased their price target on GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. Finally, Benchmark reiterated a “buy” rating on shares of GoDaddy in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $166.21.

GoDaddy Stock Performance

NYSE:GDDY opened at $90.86 on Thursday. GoDaddy Inc. has a twelve month low of $90.53 and a twelve month high of $213.11. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06. The stock’s 50-day simple moving average is $114.03 and its 200 day simple moving average is $130.24. The firm has a market capitalization of $12.28 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 2,397 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the sale, the chief accounting officer owned 17,055 shares of the company’s stock, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the transaction, the chief executive officer owned 399,133 shares of the company’s stock, valued at $51,065,076.02. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,615 shares of company stock worth $1,743,102 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

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.