GoDaddy Inc. (NYSE:GDDY) COO Roger Chen Sells 1,000 Shares

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $174.21, for a total value of $174,210.00. Following the sale, the chief operating officer now owns 257,949 shares of the company’s stock, valued at approximately $44,937,295.29. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Roger Chen also recently made the following trade(s):

• On Friday, February 14th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $194.28, for a total value of $194,280.00.
• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $200.57, for a total value of $200,570.00.

GoDaddy Trading Down 1.1 %

Shares of GDDY stock traded down $1.94 on Tuesday, hitting $178.18. The company had a trading volume of 1,254,163 shares, compared to its average volume of 1,335,900. The firm has a market cap of $25.19 billion, a P/E ratio of 27.63 and a beta of 1.25. The stock’s 50-day moving average is $192.25 and its two-hundred day moving average is $182.91. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a twelve month low of $118.14 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoDaddy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of GoDaddy by 6.0% in the fourth quarter. California State Teachers Retirement System now owns 233,188 shares of the technology company’s stock valued at $46,024,000 after buying an additional 13,206 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in GoDaddy by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,184 shares of the technology company’s stock worth $1,023,000 after purchasing an additional 240 shares during the period. Siemens Fonds Invest GmbH grew its stake in GoDaddy by 1,842.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 29,159 shares of the technology company’s stock worth $5,499,000 after purchasing an additional 27,658 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in GoDaddy during the fourth quarter worth approximately $244,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in GoDaddy during the fourth quarter worth approximately $25,582,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GDDY shares. Citigroup upped their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Benchmark upped their price objective on GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. B. Riley upped their price objective on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley upped their price objective on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average price target of $213.20.

GoDaddy Company 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.