GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples Sells 500 Shares

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brian Sharples also recently made the following trade(s):

• On Thursday, January 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00.
• On Monday, December 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $197.77, for a total transaction of $98,885.00.
• On Monday, November 11th, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $179.00, for a total transaction of $89,500.00.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $209.64 on Thursday. The company’s 50 day moving average price is $203.64 and its two-hundred day moving average price is $177.05. GoDaddy Inc. has a 12-month low of $107.92 and a 12-month high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The firm has a market cap of $29.43 billion, a PE ratio of 16.20 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GDDY. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Piper Sandler boosted their price target on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price target (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird boosted their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.07.

Institutional Trading of GoDaddy

Institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of GoDaddy during the 3rd quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new position in GoDaddy in the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new position in GoDaddy in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc bought a new position in GoDaddy in the 4th quarter valued at approximately $43,000. Finally, Huntington National Bank lifted its stake in GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

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.