Key Points
- GoDaddy’s chief accounting officer Phontip Palitwanon sold 2,261 shares at an average price of $91.81, totaling $207,582.41. After the sale, Palitwanon retained 17,734 shares, an 11.31% reduction in ownership.
- GoDaddy reported quarterly revenue of $1.30 billion, up 6.6% year over year, while adjusted earnings of $1.83 per share exceeded analysts’ $1.69 estimate.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $110.33, although several firms recently lowered their targets; institutional investors own approximately 90.28% of the stock.
GoDaddy Inc. (NYSE:GDDY - Get Free Report) CAO Phontip Palitwanon sold 2,261 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $91.81, for a total value of $207,582.41. Following the completion of the sale, the chief accounting officer owned 17,734 shares in the company, valued at approximately $1,628,158.54. The trade was a 11.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Phontip Palitwanon also recently made the following trade(s):
- On Tuesday, June 2nd, Phontip Palitwanon sold 542 shares of GoDaddy stock. The shares were sold at an average price of $89.86, for a total value of $48,704.12.
- On Monday, May 18th, Phontip Palitwanon sold 12 shares of GoDaddy stock. The stock was sold at an average price of $89.15, for a total value of $1,069.80.
GoDaddy Price Performance
Shares of NYSE GDDY opened at $100.47 on Friday. The stock's 50-day moving average is $87.37 and its two-hundred day moving average is $87.74. The company has a debt-to-equity ratio of 561.10, a current ratio of 0.63 and a quick ratio of 0.63. GoDaddy Inc. has a 1-year low of $71.59 and a 1-year high of $150.47. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 0.82 and a beta of 0.90.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business posted $1.41 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. Analysts forecast that GoDaddy Inc. will post 7.21 EPS for the current fiscal year.
More GoDaddy News
Here are the key news stories impacting GoDaddy this week:
- Positive Sentiment: In an interview, GoDaddy’s CFO discussed growth opportunities tied to the company’s Airo product, average revenue per user (ARPU), and the shift toward AI-driven online discovery. The comments may have reinforced investor confidence in GoDaddy’s ability to expand beyond its traditional domain-registration business. Exclusive: GoDaddy CFO on Airo, ARPU growth and the shift to AI discovery
Hedge Funds Weigh In On GoDaddy
Several hedge funds have recently added to or reduced their stakes in GDDY. Rachor Investment Advisory Services LLC purchased a new stake in shares of GoDaddy during the 4th quarter worth approximately $25,000. Activest Wealth Management grew its position in shares of GoDaddy by 6,600.0% in the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company's stock valued at $25,000 after buying an additional 198 shares during the last quarter. International Assets Investment Management LLC raised its stake in GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company's stock worth $30,000 after acquiring an additional 180 shares in the last quarter. Harbour Investments Inc. raised its stake in GoDaddy by 191.0% during the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company's stock worth $32,000 after acquiring an additional 170 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new stake in GoDaddy in the first quarter valued at $33,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on GDDY. Citigroup lowered their price target on shares of GoDaddy from $110.00 to $105.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Cantor Fitzgerald restated a "neutral" rating and issued a $90.00 price objective on shares of GoDaddy in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of GoDaddy from $154.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, June 18th. Weiss Ratings reissued a "hold (c-)" rating on shares of GoDaddy in a report on Tuesday, June 16th. Finally, B. Riley Financial cut their price target on GoDaddy from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.33.
Check Out Our Latest Stock Analysis on GoDaddy
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.
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