Amanpal Singh Bhutani Sells 6,825 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) CEO Amanpal Singh Bhutani sold 6,825 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total transaction of $942,464.25. Following the completion of the sale, the chief executive officer now owns 377,498 shares of the company’s stock, valued at approximately $52,128,698.82. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Amanpal Singh Bhutani also recently made the following trade(s):

  • On Thursday, March 21st, Amanpal Singh Bhutani sold 2,500 shares of GoDaddy stock. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00.
  • On Friday, March 8th, Amanpal Singh Bhutani sold 7,600 shares of GoDaddy stock. The stock was sold at an average price of $113.80, for a total value of $864,880.00.

GoDaddy Stock Down 0.7 %

Shares of GDDY stock opened at $138.65 on Friday. The stock’s 50 day simple moving average is $129.72 and its 200 day simple moving average is $115.75. GoDaddy Inc. has a twelve month low of $69.18 and a twelve month high of $141.27. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $19.78 billion, a price-to-earnings ratio of 11.52 and a beta of 1.10.

GoDaddy (NYSE:GDDYGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. As a group, research analysts predict that GoDaddy Inc. will post 4.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GDDY shares. JPMorgan Chase & Co. increased their price objective on GoDaddy from $136.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Benchmark restated a “buy” rating and set a $150.00 price target on shares of GoDaddy in a report on Wednesday, May 1st. Citigroup upped their price objective on shares of GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Morgan Stanley upped their price target on shares of GoDaddy from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Finally, Barclays lifted their price objective on GoDaddy from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.92.

Get Our Latest Stock Report on GDDY

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fiera Capital Corp increased its stake in shares of GoDaddy by 1.3% in the fourth quarter. Fiera Capital Corp now owns 828,124 shares of the technology company’s stock worth $87,914,000 after purchasing an additional 10,312 shares during the period. Louisiana State Employees Retirement System acquired a new stake in GoDaddy in the 4th quarter valued at approximately $4,204,000. International Assets Investment Management LLC bought a new position in GoDaddy in the 4th quarter worth approximately $1,972,000. SG Americas Securities LLC lifted its holdings in shares of GoDaddy by 644.6% during the fourth quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock worth $15,886,000 after buying an additional 129,547 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its position in shares of GoDaddy by 41.7% in the fourth quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock valued at $7,219,000 after acquiring an additional 20,000 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

About GoDaddy

(Get 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 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.

Further Reading

Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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