Key Points
- GoDaddy CAO Phontip Palitwanon sold 1,310 shares on March 10 at an average price of $90.15 for $118,096.50 (she also sold 766 shares on March 3 at $87.83); after the March 10 sale she holds 20,349 shares, a 6.05% reduction in her position.
- Shares trade near $86.79 with a market cap of $11.57B and a P/E of 13.95; the company reported an EPS beat ($1.80 vs. $1.58) with revenue up 6.8% YoY, and analysts have a consensus "Moderate Buy" with a $125.57 price target.
GoDaddy Inc. (NYSE:GDDY - Get Free Report) CAO Phontip Palitwanon sold 1,310 shares of the business's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $90.15, for a total value of $118,096.50. Following the completion of the sale, the chief accounting officer owned 20,349 shares in the company, valued at $1,834,462.35. This represents a 6.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Phontip Palitwanon also recently made the following trade(s):
- On Tuesday, March 3rd, Phontip Palitwanon sold 766 shares of GoDaddy stock. The shares were sold at an average price of $87.83, for a total transaction of $67,277.78.
GoDaddy Stock Up 0.3%
GDDY stock traded up $0.25 during midday trading on Thursday, hitting $86.79. The company's stock had a trading volume of 152,029 shares, compared to its average volume of 2,184,167. GoDaddy Inc. has a 52-week low of $73.06 and a 52-week high of $193.55. The firm has a 50-day simple moving average of $99.07 and a 200-day simple moving average of $121.73. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 17.50. The firm has a market capitalization of $11.57 billion, a P/E ratio of 13.95, a PEG ratio of 0.82 and a beta of 0.96.
GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Tuesday, February 24th. The technology company reported $1.80 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 firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the firm posted $1.36 EPS. GoDaddy's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.
Hedge Funds Weigh In On GoDaddy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Vanguard Group Inc. boosted its position in GoDaddy by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company's stock worth $2,587,754,000 after acquiring an additional 150,045 shares during the period. Geode Capital Management LLC increased its stake in GoDaddy by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company's stock valued at $677,726,000 after buying an additional 81,623 shares during the period. WCM Investment Management LLC raised its position in shares of GoDaddy by 1.8% during the 3rd quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company's stock worth $529,395,000 after buying an additional 66,144 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of GoDaddy by 47.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company's stock worth $483,360,000 after acquiring an additional 1,128,646 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of GoDaddy by 11.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,216,382 shares of the technology company's stock valued at $399,089,000 after acquiring an additional 319,515 shares in the last quarter. 90.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $100.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. UBS Group dropped their price target on shares of GoDaddy from $145.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley reduced their price objective on shares of GoDaddy from $159.00 to $145.00 and set an "equal weight" rating for the company in a research report on Thursday, January 15th. Royal Bank Of Canada dropped their target price on shares of GoDaddy from $200.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. Finally, Evercore set a $95.00 price objective on shares of GoDaddy in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.57.
Check Out Our Latest Research Report on GDDY
About GoDaddy
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
