GoDaddy Inc. (NYSE:GDDY) COO Roger Chen Sells 1,000 Shares

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the completion of the transaction, the chief operating officer now owns 187,632 shares in the company, valued at $28,551,961.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Roger Chen also recently made the following trade(s):

• On Thursday, August 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $146.48, for a total value of $585,920.00.
• On Monday, July 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $139.79, for a total value of $559,160.00.

GoDaddy Trading Up 0.2 %

GoDaddy stock traded up $0.37 during trading hours on Wednesday, reaching $154.27. The company had a trading volume of 1,051,738 shares, compared to its average volume of 1,553,482. The company has a debt-to-equity ratio of 24.13, a current ratio of 0.48 and a quick ratio of 0.48. The company has a 50-day moving average price of $153.46 and a 200 day moving average price of $138.09. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 12.78 and a beta of 1.13. GoDaddy Inc. has a 12-month low of $71.15 and a 12-month high of $167.65.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. GoDaddy’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Equities analysts forecast that GoDaddy Inc. will post 5.06 earnings per share for the current year.

Hedge Funds Weigh In On GoDaddy

A number of large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in shares of GoDaddy in the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new stake in shares of GoDaddy in the 2nd quarter worth approximately $28,000. GAMMA Investing LLC grew its position in shares of GoDaddy by 102.3% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 133 shares during the last quarter. ORG Partners LLC bought a new stake in shares of GoDaddy in the 2nd quarter worth approximately $32,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of GoDaddy in the 4th quarter worth approximately $33,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler upped their target price on GoDaddy from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. B. Riley upped their target price on GoDaddy from $143.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Cantor Fitzgerald initiated coverage on GoDaddy in a research note on Thursday, September 5th. They issued a “neutral” rating and a $170.00 target price on the stock. Royal Bank of Canada increased their price objective on GoDaddy from $145.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Citigroup increased their price objective on GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $164.08.

About GoDaddy

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.