2,827 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. purchased a new stake in GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,827 shares of the technology company’s stock, valued at approximately $395,000.

A number of other large investors have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in GoDaddy in the fourth quarter worth $28,000. Transcendent Capital Group LLC purchased a new position in shares of GoDaddy during the 2nd quarter valued at about $28,000. GAMMA Investing LLC lifted its position in GoDaddy by 102.3% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 133 shares during the last quarter. ORG Partners LLC purchased a new stake in GoDaddy in the second quarter worth approximately $32,000. Finally, International Assets Investment Management LLC bought a new position in GoDaddy during the second quarter valued at approximately $36,000. Institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In other GoDaddy news, Director Sigal Zarmi sold 400 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $157.61, for a total transaction of $63,044.00. Following the transaction, the director now owns 4,661 shares in the company, valued at approximately $734,620.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other GoDaddy news, Director Sigal Zarmi sold 400 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the transaction, the director now owns 4,661 shares in the company, valued at $734,620.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 4,500 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.79, for a total value of $629,055.00. Following the transaction, the chief executive officer now directly owns 365,398 shares of the company’s stock, valued at approximately $51,078,986.42. The disclosure for this sale can be found here. Insiders sold 31,744 shares of company stock worth $4,816,386 over the last three months. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Robert W. Baird upped their price target on shares of GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday. Barclays increased their target price on GoDaddy from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Raymond James raised their price target on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.00.

GoDaddy Price Performance

Shares of GoDaddy stock opened at $157.78 on Wednesday. The business has a 50 day moving average of $154.79 and a 200 day moving average of $139.74. GoDaddy Inc. has a 52 week low of $71.15 and a 52 week high of $167.65. The company has a market cap of $22.51 billion, a PE ratio of 13.10 and a beta of 1.13. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 24.13.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.06). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities research analysts forecast that GoDaddy Inc. will post 5.06 earnings per share 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.