OneAscent Financial Services LLC Invests $201,000 in GoDaddy Inc. (NYSE:GDDY)

OneAscent Financial Services LLC purchased a new position in GoDaddy Inc. (NYSE:GDDY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,020 shares of the technology company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDDY. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy in the 3rd quarter worth $31,000. Versant Capital Management Inc acquired a new stake in GoDaddy during the fourth quarter worth about $43,000. Rakuten Securities Inc. raised its stake in GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 165 shares during the period. Friedenthal Financial acquired a new position in GoDaddy in the 4th quarter valued at about $49,000. Finally, OFI Invest Asset Management purchased a new stake in shares of GoDaddy in the 4th quarter valued at approximately $52,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $89,925.00. Following the transaction, the director now directly owns 21,621 shares in the company, valued at $3,888,536.85. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of the business’s stock in a transaction that occurred 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 owns 83,254 shares of the company’s stock, valued at $16,758,197.66. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,480 shares of company stock valued at $3,643,589. Insiders own 0.61% of the company’s stock.

GoDaddy Trading Down 7.5 %

NYSE:GDDY opened at $164.34 on Friday. The stock has a fifty day moving average price of $186.96 and a 200 day moving average price of $184.82. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 12-month low of $119.76 and a 12-month high of $216.00. The firm has a market cap of $23.23 billion, a PE ratio of 25.48 and a beta of 1.25.

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

Analysts Set New Price Targets

A number of research analysts recently commented on GDDY shares. Citigroup upped their price objective on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Barclays increased their price target on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Wells Fargo & Company began coverage on shares of GoDaddy in a research note on Monday, February 3rd. They set an “equal weight” rating and a $198.00 target price for the company. Finally, Piper Sandler boosted their price target 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. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $213.20.

About GoDaddy

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.