14,700 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. bought a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,700 shares of the technology company's stock, valued at approximately $2,648,000.

Several other large investors have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its holdings in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after purchasing an additional 79 shares during the period. Park Square Financial Group LLC purchased a new position in shares of GoDaddy in the 1st quarter worth about $27,000. Private Trust Co. NA raised its holdings in shares of GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after purchasing an additional 136 shares during the period. City Holding Co. raised its holdings in shares of GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after purchasing an additional 60 shares during the period. Finally, Crewe Advisors LLC purchased a new position in shares of GoDaddy in the 1st quarter worth about $53,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Stock Down 0.1%

NYSE GDDY traded down $0.17 on Friday, reaching $168.12. The stock had a trading volume of 156,999 shares, compared to its average volume of 1,465,047. The business has a 50 day moving average price of $179.24 and a 200 day moving average price of $184.01. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 18.91. GoDaddy Inc. has a 1 year low of $140.11 and a 1 year high of $216.00. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 32.33 and a beta of 1.05.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.76 EPS. On average, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 625 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total value of $110,675.00. Following the completion of the transaction, the chief financial officer directly owned 73,459 shares of the company's stock, valued at approximately $13,008,119.72. This represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Phontip Palitwanon sold 2,173 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $177.87, for a total value of $386,511.51. Following the sale, the chief accounting officer directly owned 21,198 shares of the company's stock, valued at $3,770,488.26. This represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,757 shares of company stock worth $12,243,920. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GDDY shares. Piper Sandler raised their price objective on GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Benchmark reiterated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Citigroup dropped their target price on GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $225.00 target price on shares of GoDaddy in a report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $214.86.

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.

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