GoDaddy Inc. (NYSE:GDDY) Position Reduced by Captrust Financial Advisors

Captrust Financial Advisors trimmed its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 39.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,922 shares of the technology company's stock after selling 3,268 shares during the quarter. Captrust Financial Advisors' holdings in GoDaddy were worth $971,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quent Capital LLC boosted its holdings in GoDaddy by 4.4% in the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock worth $248,000 after purchasing an additional 53 shares during the period. Advisors Capital Management LLC lifted its position in shares of GoDaddy by 0.9% in the 4th quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock worth $1,223,000 after buying an additional 55 shares during the last quarter. BNP Paribas boosted its holdings in shares of GoDaddy by 2.9% in the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock valued at $417,000 after buying an additional 59 shares during the period. Lake Street Advisors Group LLC grew its position in shares of GoDaddy by 4.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock valued at $283,000 after buying an additional 64 shares during the last quarter. Finally, New York Life Investment Management LLC grew its position in shares of GoDaddy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock valued at $3,708,000 after buying an additional 71 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

GoDaddy Price Performance

GoDaddy stock traded down $0.34 during trading hours on Monday, hitting $189.86. 781,974 shares of the company traded hands, compared to its average volume of 1,478,559. GoDaddy Inc. has a 1-year low of $135.03 and a 1-year high of $216.00. The firm has a market cap of $27.05 billion, a P/E ratio of 29.44 and a beta of 1.13. The firm's 50-day simple moving average is $178.47 and its two-hundred day simple moving average is $189.13. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business earned $2.76 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 37,500 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $180.95, for a total value of $6,785,625.00. Following the completion of the sale, the chief financial officer now directly owns 77,250 shares of the company's stock, valued at approximately $13,978,387.50. This represents a 32.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $541,980.00. Following the transaction, the chief executive officer now owns 505,649 shares of the company's stock, valued at approximately $91,350,548.34. This trade represents a 0.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,500 shares of company stock valued at $10,050,555. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GDDY has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on GoDaddy in a research note on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 target price for the company. StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank of Canada lowered their price objective on GoDaddy from $230.00 to $225.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Piper Sandler increased their target price on GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley cut their target price on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, GoDaddy has an average rating of "Moderate Buy" and an average price target of $214.86.

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.