Canada Pension Plan Investment Board Sells 115,108 Shares of GoDaddy Inc. (NYSE:GDDY)

Canada Pension Plan Investment Board lessened its position in GoDaddy Inc. (NYSE:GDDYFree Report) by 37.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,923 shares of the technology company’s stock after selling 115,108 shares during the period. Canada Pension Plan Investment Board owned approximately 0.13% of GoDaddy worth $14,145,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in shares of GoDaddy during the first quarter worth $31,000. Quent Capital LLC grew its position in GoDaddy by 2,113.6% in the third quarter. Quent Capital LLC now owns 487 shares of the technology company’s stock valued at $36,000 after purchasing an additional 465 shares in the last quarter. Fifth Third Bancorp bought a new position in GoDaddy in the third quarter valued at $43,000. Penserra Capital Management LLC bought a new position in GoDaddy in the fourth quarter valued at $62,000. Finally, UniSuper Management Pty Ltd bought a new position in GoDaddy in the second quarter valued at $83,000. Institutional investors own 95.03% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $112.92 on Monday. The firm has a 50-day moving average of $106.22 and a 200-day moving average of $87.66. The stock has a market cap of $15.94 billion, a PE ratio of 48.46 and a beta of 1.12. GoDaddy Inc. has a 52-week low of $67.43 and a 52-week high of $113.70.

Insider Transactions at GoDaddy

In related news, CFO Mark Mccaffrey sold 505 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $102.47, for a total transaction of $51,747.35. Following the transaction, the chief financial officer now directly owns 77,158 shares of the company’s stock, valued at $7,906,380.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other GoDaddy news, CFO Mark Mccaffrey sold 505 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $102.47, for a total value of $51,747.35. Following the transaction, the chief financial officer now directly owns 77,158 shares of the company’s stock, valued at approximately $7,906,380.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Roger Chen sold 21,165 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $90.00, for a total transaction of $1,904,850.00. Following the completion of the transaction, the chief operating officer now directly owns 161,716 shares in the company, valued at $14,554,440. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,119 shares of company stock worth $8,306,786. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Oppenheimer assumed coverage on shares of GoDaddy in a research report on Tuesday, October 17th. They issued a “market perform” rating for the company. Robert W. Baird raised their target price on shares of GoDaddy from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, November 21st. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Barclays increased their price target on shares of GoDaddy from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Finally, Piper Sandler upgraded shares of GoDaddy from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Read Our Latest Stock Analysis on GDDY

About GoDaddy

(Free Report)

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 hosting platform that allows customers to build and manage a faster and more secure WordPress site and offered with WooCommerce to sell online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and engage customers and create content.

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Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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