Kesler Norman & Wride LLC Invests $582,000 in GoDaddy Inc. (NYSE:GDDY)

Kesler Norman & Wride LLC purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,708 shares of the technology company’s stock, valued at approximately $582,000.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd boosted its stake in shares of GoDaddy by 2,471.0% during the 1st quarter. Plato Investment Management Ltd now owns 6,479 shares of the technology company’s stock worth $769,000 after acquiring an additional 6,227 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of GoDaddy by 20.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 214,514 shares of the technology company’s stock worth $25,469,000 after acquiring an additional 35,703 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of GoDaddy by 87.5% during the 1st quarter. Forsta AP Fonden now owns 84,000 shares of the technology company’s stock worth $9,969,000 after acquiring an additional 39,200 shares in the last quarter. Swedbank AB boosted its stake in shares of GoDaddy by 3.5% during the 2nd quarter. Swedbank AB now owns 153,353 shares of the technology company’s stock worth $21,425,000 after acquiring an additional 5,247 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in GoDaddy by 866.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,335 shares of the technology company’s stock valued at $1,227,000 after buying an additional 9,266 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Up 3.1 %

Shares of GDDY opened at $160.10 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. The firm has a market capitalization of $22.84 billion, a P/E ratio of 13.30 and a beta of 1.12. The stock’s fifty day simple moving average is $157.09 and its 200 day simple moving average is $142.40. GoDaddy Inc. has a twelve month low of $71.15 and a twelve month high of $167.65.

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

Insider Buying and Selling at GoDaddy

In other news, Director Sigal Zarmi sold 400 shares of GoDaddy stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $157.61, for a total transaction of $63,044.00. Following the sale, the director now directly owns 4,661 shares of the company’s stock, valued at approximately $734,620.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.48, for a total value of $585,920.00. Following the completion of the transaction, the chief operating officer now directly owns 188,632 shares in the company, valued at approximately $27,630,815.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sigal Zarmi sold 400 shares of GoDaddy stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the transaction, the director now owns 4,661 shares of the company’s stock, valued at approximately $734,620.21. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,744 shares of company stock valued at $4,950,771 over the last three months. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GDDY. Barclays upped their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. B. Riley upped their target price on GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Robert W. Baird upped their target price on GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Raymond James upped their target price on GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $172.00 target price (up previously from $160.00) on shares of GoDaddy in a research note on Monday, September 23rd. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.54.

GoDaddy Profile

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.