GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani Sells 3,000 Shares

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $180.66, for a total transaction of $541,980.00. Following the completion of the transaction, the chief executive officer now owns 505,649 shares of the company’s stock, valued at approximately $91,350,548.34. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 3rd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The shares were sold at an average price of $207.70, for a total value of $623,100.00.
• On Thursday, January 2nd, Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total value of $597,030.00.

GoDaddy Stock Down 0.1 %

GoDaddy stock opened at $176.29 on Thursday. The stock has a 50-day simple moving average of $196.74 and a 200-day simple moving average of $182.11. The company has a market capitalization of $24.92 billion, a P/E ratio of 27.33 and a beta of 1.15. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a fifty-two week low of $109.16 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Equities research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Institutional Trading of GoDaddy

A number of large investors have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new stake in shares of GoDaddy during the third quarter worth about $343,000. Wealth Enhancement Advisory Services LLC raised its stake in GoDaddy by 31.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,944 shares of the technology company’s stock valued at $775,000 after acquiring an additional 1,187 shares during the last quarter. US Bancorp DE lifted its position in GoDaddy by 22.3% during the 3rd quarter. US Bancorp DE now owns 37,458 shares of the technology company’s stock worth $5,873,000 after acquiring an additional 6,827 shares during the period. Optas LLC grew its stake in shares of GoDaddy by 5.8% in the 3rd quarter. Optas LLC now owns 2,091 shares of the technology company’s stock valued at $328,000 after purchasing an additional 114 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of GoDaddy by 14.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 357,175 shares of the technology company’s stock valued at $55,998,000 after purchasing an additional 46,133 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GDDY. Wells Fargo & Company started coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. Robert W. Baird lifted their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Barclays increased their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Raymond James lifted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, UBS Group boosted their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $213.20.

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.