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 business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total value of $171,750.00. Following the transaction, the chief operating officer now owns 256,949 shares in the company, valued at $44,130,990.75. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $174,210.00.
• On Friday, February 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $194.28, for a total value of $194,280.00.

GoDaddy Stock Down 0.4 %

Shares of NYSE GDDY opened at $171.55 on Friday. GoDaddy Inc. has a 12-month low of $119.76 and a 12-month high of $216.00. The firm’s 50-day simple moving average is $177.13 and its 200 day simple moving average is $185.71. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The company has a market cap of $24.25 billion, a price-to-earnings ratio of 26.60 and a beta of 1.19.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (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%. On average, research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of GoDaddy during the fourth quarter valued at $25,554,000. CWA Asset Management Group LLC lifted its position in GoDaddy by 29.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after purchasing an additional 3,631 shares during the period. Fiduciary Alliance LLC bought a new position in shares of GoDaddy in the 4th quarter valued at about $1,045,000. Mount Yale Investment Advisors LLC raised its stake in shares of GoDaddy by 205.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after buying an additional 3,783 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after buying an additional 499 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GDDY has been the topic of several analyst reports. Benchmark boosted their price target on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. UBS Group raised their price target 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. Citigroup upped their price objective on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company assumed coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 target price for the company. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $210.73.

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.