Insider Selling: GoDaddy Inc. (NYSE:GDDY) COO Sells 1,000 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00. Following the sale, the chief operating officer now owns 183,632 shares in the company, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Roger Chen also recently made the following trade(s):

• On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $207.35, for a total value of $207,350.00.
• On Friday, November 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00.

GoDaddy Stock Up 0.0 %

GDDY stock traded up $0.04 during trading hours on Friday, hitting $200.89. The company’s stock had a trading volume of 1,308,296 shares, compared to its average volume of 1,107,696. The stock has a 50 day moving average price of $198.34 and a two-hundred day moving average price of $170.58. GoDaddy Inc. has a 12 month low of $106.32 and a 12 month high of $211.11. The company has a market capitalization of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, equities research analysts expect that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Institutional Trading of GoDaddy

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

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of research analyst reports. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group boosted their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Benchmark increased their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Finally, Robert W. Baird raised their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.14.

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.