GoDaddy Inc. (NYSE:GDDY – Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,260,000 shares, a drop of 26.9% from the January 15th total of 3,090,000 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 1.8 days.
Insider Activity
In related news, CAO Phontip Palitwanon sold 770 shares of GoDaddy stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares in the company, valued at $4,534,321.76. This trade represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the sale, the chief financial officer now owns 84,300 shares of the company’s stock, valued at approximately $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,482 shares of company stock worth $4,709,650. 0.61% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On GoDaddy
Several institutional investors have recently bought and sold shares of GDDY. WCM Investment Management LLC lifted its stake in GoDaddy by 7,083.4% in the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock valued at $678,941,000 after acquiring an additional 3,356,678 shares in the last quarter. Norges Bank acquired a new position in shares of GoDaddy during the 4th quarter worth approximately $356,038,000. Canada Pension Plan Investment Board increased its position in shares of GoDaddy by 107.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company’s stock worth $273,582,000 after purchasing an additional 719,000 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of GoDaddy during the 4th quarter worth approximately $111,923,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of GoDaddy by 88.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,082,381 shares of the technology company’s stock worth $213,630,000 after purchasing an additional 507,374 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Report on GoDaddy
GoDaddy Stock Down 14.1 %
NYSE GDDY traded down $29.96 during trading on Friday, hitting $182.58. The stock had a trading volume of 4,395,394 shares, compared to its average volume of 1,094,305. The company has a market capitalization of $25.63 billion, a PE ratio of 14.11 and a beta of 1.15. The company’s 50-day moving average price is $204.20 and its two-hundred day moving average price is $180.30. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy has a 12 month low of $108.02 and a 12 month high of $216.00.
GoDaddy (NYSE:GDDY – Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. As a group, sell-side analysts forecast that GoDaddy will post 4.96 EPS for the current year.
GoDaddy Company 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.
See Also
- Five stocks we like better than GoDaddy
- Dividend Payout Ratio Calculator
- Symbotic Shares Down 37%—Is It Time for Bravery or Caution?
- What is a Bond Market Holiday? How to Invest and Trade
- High-Yield Healthcare: 3 Stocks With Strong Dividends
- The 3 Best Retail Stocks to Shop for in August
- Beyond the Bargain Bin: 3 Stocks Leading Discount Retail
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.