Quent Capital LLC Increases Stake in GoDaddy Inc. (NYSE:GDDY)

Quent Capital LLC increased its position in GoDaddy Inc. (NYSE:GDDY) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,259 shares of the technology company’s stock after acquiring an additional 53 shares during the quarter. Quent Capital LLC’s holdings in GoDaddy were worth $248,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in GoDaddy in the 3rd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in shares of GoDaddy during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy during the 3rd quarter valued at about $31,000. Versant Capital Management Inc bought a new stake in shares of GoDaddy during the 4th quarter valued at about $43,000. Finally, Friedenthal Financial bought a new stake in shares of GoDaddy during the 4th quarter valued at about $49,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of GoDaddy stock opened at $207.44 on Thursday. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50 day simple moving average is $204.60 and its two-hundred day simple moving average is $179.11. The stock has a market capitalization of $29.12 billion, a P/E ratio of 16.03 and a beta of 1.15. GoDaddy Inc. has a one year low of $107.92 and a one year high of $216.00.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the transaction, the chief operating officer now directly owns 185,632 shares of the company’s stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the transaction, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,483 shares of company stock valued at $4,893,633 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of research analyst reports. Raymond James lifted their price target on GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Wells Fargo & Company initiated coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target for the company. Robert W. Baird lifted their price target on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Benchmark raised their price objective on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Piper Sandler raised their price objective on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.53.

GoDaddy Profile

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.