GoDaddy Inc. (NYSE:GDDY) Shares Sold by Martin Capital Advisors LLP

Martin Capital Advisors LLP reduced its stake in GoDaddy Inc. (NYSE:GDDY) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,902 shares of the technology company’s stock after selling 180 shares during the quarter. Martin Capital Advisors LLP’s holdings in GoDaddy were worth $945,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Achmea Investment Management B.V. acquired a new stake in shares of GoDaddy during the first quarter worth $31,000. Massmutual Trust Co. FSB ADV lifted its position in GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after acquiring an additional 205 shares during the period. Fifth Third Bancorp acquired a new stake in GoDaddy during the 3rd quarter worth about $43,000. Cary Street Partners Investment Advisory LLC purchased a new stake in GoDaddy during the 3rd quarter valued at about $44,000. Finally, UMB Bank n.a. acquired a new position in shares of GoDaddy in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other GoDaddy news, COO Roger Chen sold 4,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was 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 $24,261,169.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GoDaddy news, CFO Mark Mccaffrey sold 624 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total value of $75,397.92. Following the completion of the sale, the chief financial officer now owns 116,328 shares in the company, valued at approximately $14,055,912.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the transaction, the chief operating officer now owns 204,632 shares in the company, valued at $24,261,169.92. The disclosure for this sale can be found here. Insiders sold 121,234 shares of company stock valued at $13,534,946 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GDDY shares. Evercore ISI lowered shares of GoDaddy from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $100.00 to $110.00 in a research report on Wednesday, February 14th. Benchmark reaffirmed a “buy” rating and issued a $150.00 price target on shares of GoDaddy in a report on Thursday, March 7th. Barclays lifted their price objective on GoDaddy from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Raymond James assumed coverage on GoDaddy in a research note on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $124.00 price target on shares of GoDaddy in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.

GoDaddy Price Performance

Shares of GDDY stock traded down $1.23 during trading hours on Friday, hitting $120.12. 1,126,524 shares of the company’s stock were exchanged, compared to its average volume of 1,477,850. GoDaddy Inc. has a fifty-two week low of $67.43 and a fifty-two week high of $127.15. The firm has a market cap of $17.11 billion, a P/E ratio of 12.66 and a beta of 1.12. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 61.07. The firm has a 50 day moving average of $117.43 and a two-hundred day moving average of $102.73.

GoDaddy (NYSE:GDDY) last issued its quarterly 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. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. Sell-side analysts forecast that GoDaddy Inc. will post 4.76 EPS for the current year.

GoDaddy 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.