Roger Chen Sells 4,000 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) COO Roger Chen sold 4,000 shares of the company’s stock in a transaction 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 directly owns 204,632 shares in the company, valued at approximately $24,261,169.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Roger Chen also recently made the following trade(s):

• On Friday, March 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $114.11, for a total transaction of $456,440.00.

GoDaddy Stock Performance

NYSE GDDY opened at $123.91 on Friday. The company has a 50-day simple moving average of $114.42 and a two-hundred day simple moving average of $99.23. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 61.07. GoDaddy Inc. has a 12-month low of $67.43 and a 12-month high of $125.55. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 12.93 and a beta of 1.12.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, equities analysts forecast that GoDaddy Inc. will post 4.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GDDY shares. StockNews.com raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Evercore ISI lowered shares of GoDaddy from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $100.00 to $110.00 in a research report on Wednesday, February 14th. Barclays upped their target price on shares of GoDaddy from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. B. Riley upped their target price on shares of GoDaddy from $124.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Raymond James began coverage on shares of GoDaddy in a research report on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 target price for the company. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.18.

Institutional Trading of GoDaddy

Institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in shares of GoDaddy during the fourth quarter worth about $28,000. Achmea Investment Management B.V. purchased a new stake in shares of GoDaddy during the first quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new stake in shares of GoDaddy during the fourth quarter worth about $33,000. Quent Capital LLC boosted its holdings in shares of GoDaddy by 2,113.6% during the third quarter. Quent Capital LLC now owns 487 shares of the technology company’s stock worth $36,000 after purchasing an additional 465 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of GoDaddy by 140.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after purchasing an additional 205 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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.