GoDaddy Inc. (NYSE:GDDY - Get Free Report) CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $597,030.00. Following the sale, the chief executive officer now directly owns 333,153 shares of the company's stock, valued at $66,300,778.53. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Amanpal Singh Bhutani also recently made the following trade(s):
GoDaddy stock traded down $1.34 during mid-day trading on Monday, hitting $199.05. 990,662 shares of the company's stock were exchanged, compared to its average volume of 931,587. GoDaddy Inc. has a 1-year low of $100.43 and a 1-year high of $211.11. The stock has a 50 day moving average of $193.67 and a two-hundred day moving average of $167.80. The stock has a market cap of $27.94 billion, a P/E ratio of 15.38 and a beta of 1.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.
GDDY has been the subject of a number of research analyst reports. Barclays increased their target price on GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. StockNews.com cut GoDaddy from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th. B. Riley upped their target price on GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Robert W. Baird raised their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and an average price target of $187.71.
Check Out Our Latest Stock Analysis on GoDaddy
Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of GoDaddy by 3.4% in the third quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company's stock worth $31,052,000 after purchasing an additional 6,424 shares during the period. Highland Capital Management LLC bought a new position in GoDaddy in the 3rd quarter worth approximately $1,132,000. Crossmark Global Holdings Inc. lifted its holdings in shares of GoDaddy by 28.0% during the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company's stock worth $6,907,000 after buying an additional 9,631 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its position in shares of GoDaddy by 39.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company's stock valued at $9,410,000 after acquiring an additional 17,021 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of GoDaddy by 374.3% in the second quarter. American Century Companies Inc. now owns 150,451 shares of the technology company's stock worth $21,020,000 after acquiring an additional 118,731 shares during the last quarter. Institutional investors own 90.28% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider GoDaddy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GoDaddy wasn't on the list.
While GoDaddy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.