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

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the transaction, the chief operating officer now owns 182,632 shares of the company’s stock, valued at $35,481,744.96. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $200.57, for a total value of $200,570.00.
• On Monday, December 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $207.35, for a total value of $207,350.00.

GoDaddy Price Performance

GDDY opened at $176.56 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a market capitalization of $24.79 billion, a P/E ratio of 27.37 and a beta of 1.15. The stock has a 50-day moving average price of $202.02 and a 200-day moving average price of $180.74. GoDaddy Inc. has a 12-month low of $108.02 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Equities analysts predict that GoDaddy Inc. will post 6.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group raised their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. B. Riley upped their target price on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Benchmark increased their target price on shares of GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Raymond James boosted their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

Hedge Funds Weigh In On GoDaddy

Several institutional investors and hedge funds have recently made changes to their positions in GDDY. Ashton Thomas Securities LLC purchased a new stake in GoDaddy during the third quarter valued at about $27,000. Anchor Investment Management LLC purchased a new position in shares of GoDaddy in the third quarter worth about $31,000. Versant Capital Management Inc bought a new stake in shares of GoDaddy in the 4th quarter valued at about $43,000. Rakuten Securities Inc. boosted its holdings in GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after acquiring an additional 165 shares during the period. Finally, Friedenthal Financial bought a new position in GoDaddy during the 4th quarter worth approximately $49,000. 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.