Guardian Capital LP Has $630,000 Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Guardian Capital LP cut its position in GoDaddy Inc. (NYSE:GDDYGet Rating) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,050 shares of the technology company’s stock after selling 550 shares during the period. Guardian Capital LP’s holdings in GoDaddy were worth $630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Achmea Investment Management B.V. acquired a new stake in shares of GoDaddy during the first quarter worth $31,000. IndexIQ Advisors LLC acquired a new stake in shares of GoDaddy during the first quarter worth $37,000. Steward Partners Investment Advisory LLC raised its holdings in shares of GoDaddy by 179.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 558 shares of the technology company’s stock worth $47,000 after acquiring an additional 358 shares during the period. Truvestments Capital LLC bought a new position in GoDaddy in the second quarter valued at $41,000. Finally, Vigilant Capital Management LLC bought a new position in GoDaddy in the second quarter valued at $41,000. 96.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Nick Daddario sold 565 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $76.81, for a total transaction of $43,397.65. Following the completion of the sale, the chief accounting officer now owns 14,999 shares in the company, valued at approximately $1,152,073.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Leah Sweet sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $72.13, for a total transaction of $72,130.00. Following the completion of the sale, the director now owns 8,138 shares in the company, valued at approximately $586,993.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Nick Daddario sold 565 shares of GoDaddy stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $76.81, for a total transaction of $43,397.65. Following the completion of the sale, the chief accounting officer now owns 14,999 shares of the company’s stock, valued at approximately $1,152,073.19. The disclosure for this sale can be found here. Insiders sold a total of 7,623 shares of company stock valued at $565,393 in the last quarter. Company insiders own 0.37% of the company’s stock.

GoDaddy Trading Up 1.6 %

Shares of GDDY traded up $1.18 during midday trading on Thursday, reaching $75.35. The stock had a trading volume of 607,915 shares, compared to its average volume of 1,083,559. The firm has a 50 day simple moving average of $74.27 and a 200-day simple moving average of $73.84. GoDaddy Inc. has a one year low of $64.65 and a one year high of $88.32. The firm has a market cap of $11.71 billion, a PE ratio of 35.54, a P/E/G ratio of 2.23 and a beta of 0.95.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of GoDaddy from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Raymond James decreased their target price on shares of GoDaddy from $100.00 to $88.00 and set a “strong-buy” rating for the company in a research report on Friday, November 4th. Evercore ISI raised their target price on shares of GoDaddy to $91.00 in a research report on Tuesday, August 9th. StockNews.com began coverage on shares of GoDaddy in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Barclays lifted their price objective on shares of GoDaddy from $104.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $96.75.

About GoDaddy

(Get Rating)

GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.

Further Reading

Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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