GoDaddy Inc. (NYSE:GDDY) Shares Sold by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. reduced its stake in GoDaddy Inc. (NYSE:GDDY) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,054 shares of the technology company’s stock after selling 660 shares during the quarter. Petra Financial Advisors Inc.’s holdings in GoDaddy were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GDDY. WCM Investment Management LLC increased its stake in GoDaddy by 7,083.4% during the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock worth $678,941,000 after buying an additional 3,356,678 shares during the period. Congress Asset Management Co. purchased a new stake in shares of GoDaddy in the 4th quarter valued at approximately $111,923,000. Amundi increased its position in shares of GoDaddy by 84.4% in the 4th quarter. Amundi now owns 931,874 shares of the technology company’s stock valued at $183,710,000 after purchasing an additional 426,501 shares during the last quarter. AustralianSuper Pty Ltd increased its position in shares of GoDaddy by 3,836.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 358,465 shares of the technology company’s stock valued at $70,750,000 after purchasing an additional 349,358 shares during the last quarter. Finally, FMR LLC increased its position in shares of GoDaddy by 19.8% in the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock valued at $260,299,000 after purchasing an additional 274,014 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on GDDY. Morgan Stanley increased their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Piper Sandler increased their target price on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. B. Riley increased their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 target price (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Finally, Citigroup increased their target price on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus target price of $213.20.

Insiders Place Their Bets

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the sale, the chief financial officer now directly owns 84,300 shares in the company, valued at approximately $16,776,543. The trade was a 6.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00. Following the sale, the director now owns 23,121 shares in the company, valued at $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,480 shares of company stock worth $3,641,819. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $179.97 on Tuesday. The firm’s fifty day moving average price is $192.60 and its 200 day moving average price is $182.83. GoDaddy Inc. has a 1-year low of $117.33 and a 1-year high of $216.00. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 27.90 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last posted 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%. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

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.