GoDaddy Inc. (NYSE:GDDY) CEO Sells $597,030.00 in Stock

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $597,030.00. Following the completion of the sale, the chief executive officer now directly owns 333,153 shares of the company’s stock, valued at $66,300,778.53. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amanpal Singh Bhutani also recently made the following trade(s):

• On Monday, December 2nd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The shares were sold at an average price of $197.77, for a total value of $593,310.00.
• On Friday, November 1st, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $167.79, for a total value of $503,370.00.

GoDaddy Stock Performance

Shares of GDDY stock opened at $195.58 on Wednesday. The firm has a market capitalization of $27.46 billion, a price-to-earnings ratio of 15.11 and a beta of 1.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The business’s 50-day moving average price is $193.67 and its 200-day moving average price is $167.80. GoDaddy Inc. has a 12 month low of $100.43 and a 12 month high of $211.11.

GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current year.

Institutional Trading of GoDaddy

Several institutional investors have recently modified their holdings of GDDY. Ashton Thomas Securities LLC acquired a new position in GoDaddy during the 3rd quarter worth about $27,000. ORG Wealth Partners LLC bought a new position in shares of GoDaddy during the third quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy in the third quarter worth approximately $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the fourth quarter valued at approximately $43,000. Finally, Huntington National Bank increased its position in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after purchasing an additional 230 shares during the period. Institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GDDY shares. Barclays increased their target price on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Benchmark increased their price target on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, B. Riley boosted their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.71.

GoDaddy Company Profile

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.