Key Points
- CEO Amanpal Singh Bhutani sold 34,148 shares on March 4 at an average price of $88.99 for about $3.04M, trimming his position by ~6.05% to 530,120 shares (worth ~ $47.18M).
- Other insiders including the CFO, CAO and a director also sold material stakes this week, which can increase near‑term supply and weigh on investor sentiment.
- GoDaddy reported an EPS beat ($1.80 vs. $1.58) with modest revenue growth, but the stock has been under pressure (down ~1.9%) as several analysts cut price targets, leaving a "Moderate Buy" consensus and a $131.93 average target.
GoDaddy Inc. (NYSE:GDDY - Get Free Report) CAO Phontip Palitwanon sold 766 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $87.83, for a total value of $67,277.78. Following the sale, the chief accounting officer directly owned 21,659 shares in the company, valued at $1,902,309.97. This trade represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Phontip Palitwanon also recently made the following trade(s):
- On Wednesday, December 10th, Phontip Palitwanon sold 2,397 shares of GoDaddy stock. The shares were sold at an average price of $128.44, for a total value of $307,870.68.
GoDaddy Stock Down 0.4%
NYSE:GDDY traded down $0.34 during midday trading on Friday, hitting $92.79. 721,381 shares of the company were exchanged, compared to its average volume of 2,199,076. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50. GoDaddy Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $193.55. The company has a market capitalization of $12.54 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. The company has a fifty day simple moving average of $101.89 and a 200 day simple moving average of $123.42.
GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company posted $1.36 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in GDDY. Hemington Wealth Management lifted its position in GoDaddy by 85.9% in the third quarter. Hemington Wealth Management now owns 184 shares of the technology company's stock valued at $25,000 after purchasing an additional 85 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GoDaddy in the 4th quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of GoDaddy in the 4th quarter valued at approximately $25,000. Activest Wealth Management boosted its stake in shares of GoDaddy by 6,600.0% in the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company's stock valued at $25,000 after buying an additional 198 shares in the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of GoDaddy by 170.9% in the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company's stock valued at $27,000 after buying an additional 94 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price objective on GoDaddy from $200.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Cantor Fitzgerald reduced their price target on shares of GoDaddy from $130.00 to $90.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. UBS Group lowered their price objective on shares of GoDaddy from $145.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Citigroup dropped their price objective on shares of GoDaddy from $195.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Finally, Barclays lowered their price target on GoDaddy from $200.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, GoDaddy has an average rating of "Moderate Buy" and an average target price of $131.93.
Get Our Latest Report on GDDY
GoDaddy News Summary
Here are the key news stories impacting GoDaddy this week:
- Positive Sentiment: GoDaddy reported a quarter with EPS of $1.80 vs. $1.58 expected and revenue up ~6.8% year‑over‑year, giving the company a fundamental earnings tailwind. Quarterly Results
- Neutral Sentiment: Analyst consensus remains a "Moderate Buy" (mixed ratings across the sell side), which limits upside but keeps coverage broadly constructive. Analyst Consensus
- Negative Sentiment: Significant insider selling this week is creating near‑term supply pressure: CEO Amanpal Bhutani sold 34,148 shares (Mar 4) and CFO Mark McCaffrey sold 17,406 shares (Mar 4). Large executive sales often weigh on sentiment; see SEC filings for the CEO and CFO. CEO Form 4 CFO Form 4
- Negative Sentiment: Several analysts have cut price targets recently (Evercore to $95 with an "In Line" rating; others trimmed targets), which reduces upside expectations and can prompt institutional rebalancing or selling. Evercore Note Analyst Coverage Summary
GoDaddy Company Profile
(
Get Free Report)
GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company's core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.
Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.
Further Reading
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