GoDaddy Inc. (NYSE:GDDY – Get Free Report) COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $164.16, for a total value of $164,160.00. Following the transaction, the chief operating officer now directly owns 186,632 shares in the company, valued at approximately $30,637,509.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Roger Chen also recently made the following trade(s):
- On Monday, September 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $152.17, for a total value of $152,170.00.
- On Thursday, August 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $146.48, for a total transaction of $585,920.00.
GoDaddy Price Performance
Shares of NYSE:GDDY traded up $0.56 during trading on Thursday, reaching $164.42. The company had a trading volume of 957,916 shares, compared to its average volume of 1,490,104. The firm’s fifty day moving average is $158.84 and its 200 day moving average is $144.03. The firm has a market capitalization of $23.46 billion, a PE ratio of 13.55 and a beta of 1.12. GoDaddy Inc. has a twelve month low of $71.15 and a twelve month high of $167.65. The company has a debt-to-equity ratio of 24.13, a quick ratio of 0.48 and a current ratio of 0.48.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $186.00 price objective on shares of GoDaddy in a research note on Tuesday. B. Riley boosted their price objective on shares of GoDaddy from $143.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Piper Sandler reissued a “neutral” rating and issued a $172.00 target price (up previously from $160.00) on shares of GoDaddy in a research report on Monday, September 23rd. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $166.54.
Read Our Latest Stock Report on GDDY
Institutional Investors Weigh In On GoDaddy
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in GoDaddy by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company’s stock worth $1,748,603,000 after purchasing an additional 379,228 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in GoDaddy by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company’s stock worth $433,895,000 after purchasing an additional 1,775,708 shares in the last quarter. Federated Hermes Inc. boosted its holdings in GoDaddy by 35.6% in the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company’s stock worth $209,743,000 after purchasing an additional 394,399 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in GoDaddy by 37.7% in the second quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock worth $120,305,000 after purchasing an additional 235,934 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in GoDaddy by 1.6% during the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock worth $115,725,000 after acquiring an additional 13,206 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.
About GoDaddy
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.
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