Roger Chen Sells 1,000 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $188.21, for a total transaction of $188,210.00. Following the sale, the chief operating officer now directly owns 255,949 shares of the company’s stock, valued at approximately $48,172,161.29. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, April 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00.
• On Friday, March 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00.

GoDaddy Trading Down 0.9%

Shares of GoDaddy stock opened at $188.26 on Wednesday. The firm has a market capitalization of $26.82 billion, a PE ratio of 29.19 and a beta of 1.13. 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 company’s fifty day moving average price is $179.11 and its two-hundred day moving average price is $189.30. GoDaddy Inc. has a 52-week low of $135.73 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $2.76 EPS. On average, analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Hedge Funds Weigh In On GoDaddy

Several hedge funds and other institutional investors have recently modified their holdings of GDDY. Quent Capital LLC grew its stake in GoDaddy by 4.4% during the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock worth $248,000 after buying an additional 53 shares during the last quarter. Advisors Capital Management LLC grew its holdings in shares of GoDaddy by 0.9% during the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company’s stock worth $1,223,000 after purchasing an additional 55 shares during the last quarter. BNP Paribas grew its holdings in shares of GoDaddy by 2.9% during the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company’s stock worth $417,000 after purchasing an additional 59 shares during the last quarter. City Holding Co. raised its holdings in shares of GoDaddy by 30.0% in the first quarter. City Holding Co. now owns 260 shares of the technology company’s stock valued at $47,000 after buying an additional 60 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its holdings in shares of GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after buying an additional 64 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

GDDY has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective on shares of GoDaddy from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Raymond James lifted their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com downgraded GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Piper Sandler lifted their price target on GoDaddy from $177.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Benchmark reaffirmed a “buy” rating on shares of GoDaddy in a research report on Monday, April 28th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.86.

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.