2,187 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Private Advisor Group LLC

Private Advisor Group LLC bought a new position in GoDaddy Inc. (NYSE:GDDY) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,187 shares of the technology company’s stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in GoDaddy during the third quarter valued at about $30,000. Transcendent Capital Group LLC bought a new stake in GoDaddy during the second quarter valued at about $28,000. ORG Partners LLC bought a new stake in GoDaddy during the second quarter valued at about $32,000. International Assets Investment Management LLC bought a new stake in GoDaddy during the second quarter valued at about $36,000. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of GoDaddy in the third quarter worth about $49,000. 90.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GDDY has been the topic of several research reports. StockNews.com raised GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a report on Monday, October 7th. Robert W. Baird lifted their target price on GoDaddy from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. B. Riley lifted their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Benchmark lifted their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $166.91, for a total value of $500,730.00. Following the completion of the sale, the chief executive officer now owns 358,773 shares in the company, valued at approximately $59,882,801.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Sigal Zarmi sold 400 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the sale, the director now owns 4,661 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total value of $500,730.00. Following the completion of the sale, the chief executive officer now owns 358,773 shares of the company’s stock, valued at $59,882,801.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,744 shares of company stock worth $4,592,941. Company insiders own 0.61% of the company’s stock.

GoDaddy Stock Up 4.9 %

Shares of NYSE:GDDY opened at $175.77 on Thursday. GoDaddy Inc. has a 1 year low of $86.02 and a 1 year high of $175.98. The business has a 50 day simple moving average of $159.50 and a two-hundred day simple moving average of $148.29. The firm has a market capitalization of $24.78 billion, a PE ratio of 13.58 and a beta of 1.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts predict that GoDaddy Inc. will post 4.95 EPS for the current year.

GoDaddy Company 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.