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

GoDaddy Inc. (NYSE:GDDYGet Free Report) COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction on Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $456,440.00. Following the sale, the chief operating officer now owns 208,632 shares of the company’s stock, valued at $23,806,997.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, January 2nd, Roger Chen sold 4,000 shares of GoDaddy stock. The shares were sold at an average price of $105.22, for a total transaction of $420,880.00.

GoDaddy Trading Down 2.1 %

Shares of GoDaddy stock opened at $108.94 on Wednesday. The company has a market cap of $15.37 billion, a P/E ratio of 11.37 and a beta of 1.12. The firm has a 50-day simple moving average of $108.45 and a two-hundred day simple moving average of $92.49. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47. GoDaddy Inc. has a fifty-two week low of $67.43 and a fifty-two week high of $116.31.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI downgraded shares of GoDaddy from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $100.00 to $110.00 in a research report on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $124.00 target price on shares of GoDaddy in a research report on Wednesday, February 14th. UBS Group boosted their target price on shares of GoDaddy from $110.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. B. Riley boosted their target price on shares of GoDaddy from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, Barclays boosted their target price on shares of GoDaddy from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $122.75.

Get Our Latest Analysis on GDDY

Institutional Trading of GoDaddy

A number of institutional investors and hedge funds have recently modified their holdings of GDDY. 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 increased its stake 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 in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

GoDaddy Company Profile

(Get Free Report)

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 hosting platform that allows customers to build and manage a faster and more secure WordPress site and offered with WooCommerce to sell online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and engage customers and create content.

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Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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