15,641 Shares in GoDaddy Inc. $GDDY Acquired by Calamos Advisors LLC

Key Points

• Calamos Advisors initiated a GoDaddy position, buying 15,641 shares worth about $1.49 million in the third quarter. Institutional investors collectively own 90.28% of the company’s stock.
• GoDaddy beat quarterly earnings and revenue expectations, reporting EPS of $2.08 versus $1.90 expected and revenue of $1.34 billion, up 6.1% year over year.
• Analyst views are mixed: nine rate the stock a Buy, eight a Hold, and one a Sell; the consensus rating is Hold with a $113.62 average price target.

Calamos Advisors LLC bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,641 shares of the technology company's stock, valued at approximately $1,494,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. QTR Family Wealth LLC grew its holdings in GoDaddy by 14.4% during the 3rd quarter. QTR Family Wealth LLC now owns 2,782 shares of the technology company's stock valued at $266,000 after purchasing an additional 351 shares during the last quarter. Capstone Wealth Management LLC purchased a new position in GoDaddy during the 3rd quarter worth $215,000. Chicago Partners Investment Group LLC raised its holdings in shares of GoDaddy by 123.9% in the third quarter. Chicago Partners Investment Group LLC now owns 14,142 shares of the technology company's stock valued at $1,595,000 after acquiring an additional 7,827 shares in the last quarter. Rakuten Investment Management Inc. lifted its position in shares of GoDaddy by 3.3% in the 3rd quarter. Rakuten Investment Management Inc. now owns 14,497 shares of the technology company's stock worth $1,364,000 after purchasing an additional 459 shares during the period. Finally, Provenance Wealth Advisors LLC bought a new stake in GoDaddy during the 3rd quarter valued at $67,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Trading Down 2.5%

NYSE:GDDY opened at $111.55 on Tuesday. GoDaddy Inc. has a 12-month low of $71.59 and a 12-month high of $133.34. The firm has a market cap of $14.13 billion, a PE ratio of 16.19 and a beta of 0.94. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 561.10. The stock has a fifty day moving average price of $103.58 and a 200 day moving average price of $92.43.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.18. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. GoDaddy had a net margin of 18.56% and a return on equity of 1,200.87%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. Sell-side analysts anticipate that GoDaddy Inc. will post 7.48 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In related news, CEO Amanpal Bhutani sold 8,194 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total transaction of $829,150.86. Following the transaction, the chief executive officer owned 504,553 shares of the company's stock, valued at $51,055,718.07. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sigal Zarmi sold 350 shares of GoDaddy stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total value of $34,104.00. Following the completion of the transaction, the director owned 8,283 shares in the company, valued at $807,095.52. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,097 shares of company stock worth $2,980,173 in the last three months. Company insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several research analyst reports. Citigroup boosted their target price on GoDaddy from $105.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, November 2nd. Cantor Fitzgerald lifted their price objective on GoDaddy from $90.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday, October 19th. Raymond James Financial lowered shares of GoDaddy from a "strong-buy" rating to an "outperform" rating and set a $100.00 price target on the stock. in a research report on Friday, July 31st. Wells Fargo & Company lowered GoDaddy from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $80.00 to $76.00 in a research report on Wednesday, August 26th. Finally, B. Riley Financial lowered their price objective on GoDaddy from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GoDaddy presently has an average rating of "Hold" and a consensus target price of $113.62.

GoDaddy Profile

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