GoDaddy Inc. (NYSE:GDDY) CEO Sells $864,880.00 in Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) CEO Amanpal Singh Bhutani sold 7,600 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $113.80, for a total transaction of $864,880.00. Following the completion of the sale, the chief executive officer now owns 386,823 shares in the company, valued at approximately $44,020,457.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amanpal Singh Bhutani also recently made the following trade(s):

  • On Monday, March 4th, Amanpal Singh Bhutani sold 59,608 shares of GoDaddy stock. The stock was sold at an average price of $110.54, for a total transaction of $6,589,068.32.
  • On Friday, March 1st, Amanpal Singh Bhutani sold 8,687 shares of GoDaddy stock. The stock was sold at an average price of $114.11, for a total transaction of $991,273.57.

GoDaddy Trading Up 1.0 %

Shares of GDDY traded up $1.10 during mid-day trading on Monday, reaching $114.57. 1,102,213 shares of the company were exchanged, compared to its average volume of 1,628,848. GoDaddy Inc. has a 52 week low of $67.43 and a 52 week high of $116.31. 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 stock has a market capitalization of $16.32 billion, a PE ratio of 11.96 and a beta of 1.12. The business has a 50 day simple moving average of $108.97 and a two-hundred day simple moving average of $93.68.

GoDaddy (NYSE:GDDYGet Free Report) last released its earnings results on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, analysts predict that GoDaddy Inc. will post 4.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of GoDaddy from $110.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $124.00 price target on shares of GoDaddy in a research note on Thursday. Robert W. Baird raised their price objective on GoDaddy from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. TheStreet upgraded GoDaddy from a “c+” rating to a “b-” rating in a report on Tuesday, November 21st. Finally, Evercore ISI cut GoDaddy from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $100.00 to $110.00 in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.13.

Check Out Our Latest Stock Analysis on GDDY

Institutional Investors Weigh In On GoDaddy

Several large investors have recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. boosted its holdings in GoDaddy by 5.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 60,191 shares of the technology company’s stock worth $6,390,000 after acquiring an additional 3,179 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in GoDaddy by 13.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 905,858 shares of the technology company’s stock worth $96,166,000 after purchasing an additional 110,076 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of GoDaddy by 21.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 46,300 shares of the technology company’s stock worth $4,915,000 after purchasing an additional 8,154 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in GoDaddy during the 4th quarter worth approximately $28,000. Finally, Quarry LP increased its holdings in GoDaddy by 167.1% during the 4th quarter. Quarry LP now owns 780 shares of the technology company’s stock worth $83,000 after acquiring an additional 488 shares during the period. Institutional investors and hedge funds own 95.03% of the company’s stock.

GoDaddy Company Profile

(Get Free Report)

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 hosting platform that allows customers to build and manage a faster and more secure WordPress site and offered with WooCommerce to sell online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and engage customers and create content.

Further Reading

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

Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.