Insider Selling: GoDaddy Inc. (NYSE:GDDY) CAO Sells 7,278 Shares of Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) CAO Nick Daddario sold 7,278 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $138.92, for a total transaction of $1,011,059.76. Following the completion of the sale, the chief accounting officer now owns 18,388 shares of the company’s stock, valued at $2,554,460.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nick Daddario also recently made the following trade(s):

  • On Monday, June 10th, Nick Daddario sold 600 shares of GoDaddy stock. The shares were sold at an average price of $140.92, for a total transaction of $84,552.00.
  • On Tuesday, June 4th, Nick Daddario sold 523 shares of GoDaddy stock. The shares were sold at an average price of $138.09, for a total transaction of $72,221.07.

GoDaddy Stock Performance

NYSE GDDY opened at $142.07 on Tuesday. GoDaddy Inc. has a 52-week low of $69.18 and a 52-week high of $142.95. The company has a 50-day simple moving average of $130.55 and a 200 day simple moving average of $116.71. 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 $20.27 billion, a PE ratio of 11.80 and a beta of 1.10.

GoDaddy (NYSE:GDDYGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, research analysts predict that GoDaddy Inc. will post 4.82 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on GDDY. Robert W. Baird raised their price objective on shares of GoDaddy from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Citigroup raised 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. Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of GoDaddy in a research note on Wednesday, May 1st. Evercore ISI raised their price target on shares of GoDaddy from $110.00 to $135.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Finally, StockNews.com raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Four 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.92.

Read Our Latest Analysis on GoDaddy

Institutional Trading of GoDaddy

A number of large investors have recently added to or reduced their stakes in GDDY. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of GoDaddy in the third quarter worth about $1,401,000. Pathstone Family Office LLC purchased a new position in shares of GoDaddy in the third quarter worth about $356,000. HighTower Advisors LLC increased its stake in shares of GoDaddy by 2.3% in the third quarter. HighTower Advisors LLC now owns 17,709 shares of the technology company’s stock worth $1,323,000 after purchasing an additional 394 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of GoDaddy by 2.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 213,455 shares of the technology company’s stock worth $15,898,000 after purchasing an additional 4,212 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of GoDaddy in the third quarter worth about $2,214,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Company Profile

(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.

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

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