1,118 Shares in GoDaddy Inc. (NYSE:GDDY) Acquired by Renasant Bank

Renasant Bank acquired a new stake in GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,118 shares of the technology company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the 3rd quarter worth about $27,000. Apollon Wealth Management LLC raised its holdings in GoDaddy by 20.2% during the third quarter. Apollon Wealth Management LLC now owns 2,653 shares of the technology company’s stock worth $416,000 after purchasing an additional 446 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of GoDaddy by 4.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 373,257 shares of the technology company’s stock worth $58,519,000 after buying an additional 17,573 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of GoDaddy by 4.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock valued at $296,000 after buying an additional 73 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of GoDaddy by 33.7% in the 3rd quarter. Victory Capital Management Inc. now owns 209,158 shares of the technology company’s stock valued at $32,792,000 after buying an additional 52,686 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

Shares of GDDY stock opened at $176.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a 50 day simple moving average of $192.98 and a 200-day simple moving average of $182.47. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 27.30 and a beta of 1.25. GoDaddy Inc. has a 12-month low of $115.19 and a 12-month high of $216.00.

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

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $201.29, for a total transaction of $96,619.20. Following the sale, the chief financial officer now directly owns 83,254 shares in the company, valued at approximately $16,758,197.66. The trade was a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $207.35, for a total value of $207,350.00. Following the completion of the transaction, the chief operating officer now owns 184,632 shares of the company’s stock, valued at approximately $38,283,445.20. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,849,169 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GDDY. Piper Sandler upped their price objective on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company started coverage on GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price for the company. Morgan Stanley lifted their price target on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Benchmark increased their price objective on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, B. Riley lifted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

GoDaddy 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.