GoDaddy Inc. (NYSE:GDDY) COO Roger Chen Sells 4,000 Shares of Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) COO Roger Chen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the completion of the transaction, the chief operating officer now owns 204,632 shares of the company’s stock, valued at approximately $24,261,169.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, March 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $114.11, for a total transaction of $456,440.00.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $123.90 on Thursday. The company’s 50-day moving average is $114.09 and its 200 day moving average is $99.05. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $17.65 billion, a P/E ratio of 12.93 and a beta of 1.12. GoDaddy Inc. has a fifty-two week low of $67.43 and a fifty-two week high of $123.92.

GoDaddy (NYSE:GDDYGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. On average, equities research analysts forecast that GoDaddy Inc. will post 4.74 earnings per share for the current year.

Institutional Investors Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. V Square Quantitative Management LLC purchased a new stake in shares of GoDaddy in the fourth quarter worth about $28,000. Achmea Investment Management B.V. purchased a new stake in shares of GoDaddy in the first quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new stake in shares of GoDaddy in the fourth quarter worth about $33,000. Quent Capital LLC lifted its holdings in shares of GoDaddy by 2,113.6% in the third quarter. Quent Capital LLC now owns 487 shares of the technology company’s stock worth $36,000 after buying an additional 465 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of GoDaddy by 140.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after buying an additional 205 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Piper Sandler upped their price target on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $128.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $124.00 price target on shares of GoDaddy in a research report on Thursday, March 7th. Finally, Morgan Stanley upped their price target on shares of GoDaddy from $120.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.18.

Check Out Our Latest Research Report on GDDY

About GoDaddy

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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.

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Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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