EverSource Wealth Advisors LLC Increases Position in GoDaddy Inc. (NYSE:GDDY)

EverSource Wealth Advisors LLC increased its stake in shares of GoDaddy Inc. (NYSE:GDDYGet Rating) by 307.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 932 shares of the technology company’s stock after buying an additional 703 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in GoDaddy were worth $78,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. CAPROCK Group Inc. grew its holdings in shares of GoDaddy by 4.9% during the first quarter. CAPROCK Group Inc. now owns 3,686 shares of the technology company’s stock valued at $309,000 after buying an additional 172 shares during the last quarter. Quadrant Capital Group LLC lifted its position in GoDaddy by 23.3% during the first quarter. Quadrant Capital Group LLC now owns 947 shares of the technology company’s stock valued at $79,000 after purchasing an additional 179 shares during the period. Wetherby Asset Management Inc. lifted its position in GoDaddy by 3.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 6,232 shares of the technology company’s stock valued at $529,000 after purchasing an additional 202 shares during the period. Tobam lifted its position in GoDaddy by 31.7% during the first quarter. Tobam now owns 872 shares of the technology company’s stock valued at $73,000 after purchasing an additional 210 shares during the period. Finally, Column Capital Advisors LLC lifted its position in GoDaddy by 25.4% during the first quarter. Column Capital Advisors LLC now owns 1,080 shares of the technology company’s stock valued at $90,000 after purchasing an additional 219 shares during the period. 96.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 2,700 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $73.56, for a total transaction of $198,612.00. Following the completion of the sale, the chief financial officer now owns 82,250 shares of the company’s stock, valued at $6,050,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Nick Daddario sold 600 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $82.00, for a total transaction of $49,200.00. Following the completion of the sale, the chief accounting officer now owns 15,608 shares of the company’s stock, valued at approximately $1,279,856. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 2,700 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $73.56, for a total transaction of $198,612.00. Following the sale, the chief financial officer now directly owns 82,250 shares of the company’s stock, valued at approximately $6,050,310. The disclosure for this sale can be found here. Insiders sold 22,431 shares of company stock valued at $1,613,907 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GDDY shares. Barclays boosted their target price on shares of GoDaddy from $104.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Evercore ISI boosted their target price on shares of GoDaddy to $91.00 in a research report on Tuesday, August 9th. Raymond James decreased their target price on shares of GoDaddy from $108.00 to $100.00 and set a “strong-buy” rating for the company in a research report on Thursday, August 4th. Jefferies Financial Group decreased their target price on shares of GoDaddy from $110.00 to $100.00 in a research report on Tuesday, May 31st. Finally, Morgan Stanley upped their price objective on shares of GoDaddy from $91.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy currently has an average rating of “Buy” and a consensus target price of $100.75.

GoDaddy Trading Down 1.6 %

Shares of GoDaddy stock opened at $74.96 on Friday. The firm has a 50-day simple moving average of $76.22 and a two-hundred day simple moving average of $76.66. The company has a market cap of $11.74 billion, a P/E ratio of 36.21 and a beta of 0.93. GoDaddy Inc. has a fifty-two week low of $64.81 and a fifty-two week high of $88.32. The company has a debt-to-equity ratio of 46.37, a quick ratio of 0.63 and a current ratio of 0.63.

GoDaddy (NYSE:GDDYGet Rating) last released its earnings results on Wednesday, August 3rd. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. GoDaddy had a net margin of 8.58% and a negative return on equity of 147.44%. As a group, equities analysts predict that GoDaddy Inc. will post 2.2 earnings per share for the current fiscal year.

GoDaddy Profile

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GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.

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Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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