GoDaddy (NYSE:GDDY) Stock: Insider Leah Sweet Sells 645 Shares

GoDaddy Inc. (NYSE:GDDY) Director Leah Sweet sold 645 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $116.67, for a total transaction of $75,252.15. Following the completion of the transaction, the director owned 13,044 shares in the company, valued at approximately $1,521,843.48. This trade represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Leah Sweet also recently made the following trade(s):

• On Tuesday, September 1st, Leah Sweet sold 325 shares of GoDaddy stock. The shares were sold at an average price of $97.44, for a total transaction of $31,668.00.
• On Friday, August 28th, Leah Sweet sold 325 shares of GoDaddy stock. The stock was sold at an average price of $97.37, for a total transaction of $31,645.25.

GoDaddy Trading Up 0.5%

Shares of GDDY stock opened at $113.72 on Thursday. GoDaddy Inc. has a 12-month low of $71.59 and a 12-month high of $133.34. The company has a market capitalization of $13.79 billion, a PE ratio of 15.56 and a beta of 0.94. The firm has a 50 day moving average price of $104.16 and a two-hundred day moving average price of $92.52. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 561.10.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, October 29th. The technology company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.90 by $0.18. GoDaddy had a return on equity of 1,200.87% and a net margin of 18.56%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts predict that GoDaddy Inc. will post 7.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. William Blair lowered GoDaddy from an “outperform” rating to a “market perform” rating in a report on Friday, July 31st. Weiss Ratings raised GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Citigroup lifted their target price on GoDaddy from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. UBS Group boosted their target price on shares of GoDaddy from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Finally, Cantor Fitzgerald upped their price target on shares of GoDaddy from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, October 19th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GoDaddy has an average rating of “Hold” and a consensus price target of $113.62.

Institutional Investors Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC grew its position in GoDaddy by 1.0% during the first quarter. WCM Investment Management LLC now owns 3,314,456 shares of the technology company’s stock worth $270,924,000 after buying an additional 33,509 shares in the last quarter. Bank of America Corp DE raised its holdings in GoDaddy by 27.9% in the 1st quarter. Bank of America Corp DE now owns 1,383,615 shares of the technology company’s stock valued at $114,383,000 after acquiring an additional 302,126 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in GoDaddy by 32.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,020,714 shares of the technology company’s stock valued at $97,322,000 after acquiring an additional 248,694 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of GoDaddy by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 754,994 shares of the technology company’s stock valued at $62,415,000 after acquiring an additional 19,940 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of GoDaddy by 4.2% during the 1st quarter. Hsbc Holdings PLC now owns 659,664 shares of the technology company’s stock valued at $54,520,000 after acquiring an additional 26,537 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Company Profile

GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.