Key Points
- GoDaddy CAO Phontip Palitwanon sold 2,397 shares on December 10 at an average price of $128.44, generating about $307,870.68 in proceeds.
- The transaction cut her position by 12.32% to 17,055 shares valued at roughly $2.19 million; she also sold 969 shares on December 2 at $127.94.
- For context, GoDaddy recently slightly beat quarterly expectations (EPS $1.51 vs. $1.50; revenue $1.27B), the stock is down ~1%, and MarketBeat shows a consensus rating of Moderate Buy with a $181.14 price target.
GoDaddy Inc. (NYSE:GDDY - Get Free Report) CAO Phontip Palitwanon sold 2,397 shares of the company's stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68. Following the completion of the transaction, the chief accounting officer owned 17,055 shares in the company, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Phontip Palitwanon also recently made the following trade(s):
- On Tuesday, December 2nd, Phontip Palitwanon sold 969 shares of GoDaddy stock. The shares were sold at an average price of $127.94, for a total transaction of $123,973.86.
GoDaddy Trading Down 1.0%
Shares of NYSE GDDY opened at $124.78 on Friday. The firm's 50 day moving average price is $129.90 and its 200-day moving average price is $149.62. The company has a market cap of $16.86 billion, a PE ratio of 21.55, a P/E/G ratio of 1.41 and a beta of 0.95. GoDaddy Inc. has a 52-week low of $121.94 and a 52-week high of $216.00. The company has a debt-to-equity ratio of 41.06, a quick ratio of 0.57 and a current ratio of 0.57.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. On average, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Benchmark restated a "buy" rating on shares of GoDaddy in a research note on Thursday, December 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of GoDaddy in a report on Friday, October 31st. Morgan Stanley set a $159.00 target price on shares of GoDaddy in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of GoDaddy from $222.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, October 31st. Finally, UBS Group decreased their price objective on shares of GoDaddy from $160.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.14.
Get Our Latest Report on GoDaddy
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in shares of GoDaddy during the 1st quarter valued at about $30,000. Nuveen LLC bought a new stake in GoDaddy during the first quarter valued at approximately $78,759,000. Resona Asset Management Co. Ltd. increased its holdings in GoDaddy by 2.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 64,551 shares of the technology company's stock valued at $11,620,000 after buying an additional 1,632 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in GoDaddy by 21.8% during the first quarter. Russell Investments Group Ltd. now owns 287,172 shares of the technology company's stock valued at $51,724,000 after buying an additional 51,317 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in GoDaddy by 7.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,839 shares of the technology company's stock worth $1,052,000 after acquiring an additional 405 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.
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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