Key Points
- GoDaddy Director Leah Sweet sold 645 shares at an average price of $116.67, receiving $75,252.15. After the sale, she directly owned 13,044 shares, a 4.71% reduction in her position.
- GoDaddy reported quarterly EPS of $2.08, beating the $1.90 consensus estimate, while revenue of $1.34 billion slightly exceeded forecasts and rose 6.1% year over year.
- Analysts’ consensus rating was “Hold,” with an average price target of $113.62; nine analysts rated the stock Buy, eight Hold, and one Sell.
GoDaddy Inc. (NYSE:GDDY - Get Free Report) Director Leah Sweet sold 645 shares of GoDaddy stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $116.67, for a total value of $75,252.15. Following the sale, the director directly owned 13,044 shares of the company's stock, valued at approximately $1,521,843.48. This represents a 4.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Leah Sweet also recently made the following trade(s):
- On Tuesday, September 1st, Leah Sweet sold 325 shares of GoDaddy stock. The shares were sold at an average price of $97.44, for a total value of $31,668.00.
- On Friday, August 28th, Leah Sweet sold 325 shares of GoDaddy stock. The stock was sold at an average price of $97.37, for a total value of $31,645.25.
GoDaddy Trading Up 1.5%
Shares of NYSE:GDDY opened at $113.40 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 561.10. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $133.34. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 15.51 and a beta of 0.94. The business has a 50-day moving average price of $103.90 and a 200-day moving average price of $92.47.
GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.18. GoDaddy had a net margin of 18.56% and a return on equity of 1,200.87%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company earned $1.51 EPS. GoDaddy's quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that GoDaddy Inc. will post 7.48 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on GDDY shares. William Blair cut shares of GoDaddy from an "outperform" rating to a "market perform" rating in a report on Friday, July 31st. Benchmark lowered their price target on shares of GoDaddy from $185.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Weiss Ratings raised GoDaddy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Wedbush reduced their price objective on GoDaddy from $109.00 to $93.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. Finally, Raymond James Financial cut GoDaddy from a "strong-buy" rating to an "outperform" rating and set a $100.00 price objective for the company. in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $113.62.
Check Out Our Latest Stock Report on GDDY
Hedge Funds Weigh In On GoDaddy
Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in GoDaddy by 93.8% during the first quarter. International Assets Investment Management LLC now owns 372 shares of the technology company's stock worth $30,000 after buying an additional 180 shares in the last quarter. Perkins Coie Trust Co acquired a new stake in GoDaddy during the second quarter valued at $34,000. Albion Financial Group UT purchased a new position in GoDaddy in the third quarter valued at $39,000. Elevation Wealth Partners LLC increased its holdings in GoDaddy by 109.3% in the third quarter. Elevation Wealth Partners LLC now owns 473 shares of the technology company's stock valued at $45,000 after buying an additional 247 shares in the last quarter. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of GoDaddy in the third quarter worth about $67,000. 90.28% of the stock is owned by hedge funds and other institutional investors.
About GoDaddy
(
Get Free Report)
GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.
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