Freshford Capital Management LLC Has $38.64 Million Stake in GoDaddy Inc. (NYSE:GDDY)

Freshford Capital Management LLC lessened its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,795 shares of the technology company's stock after selling 26,585 shares during the quarter. GoDaddy makes up about 11.0% of Freshford Capital Management LLC's portfolio, making the stock its 2nd biggest position. Freshford Capital Management LLC owned about 0.14% of GoDaddy worth $38,644,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GDDY. WCM Investment Management LLC lifted its stake in GoDaddy by 7,083.4% in the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock valued at $678,941,000 after purchasing an additional 3,356,678 shares during the last quarter. Norges Bank bought a new stake in GoDaddy in the fourth quarter valued at approximately $356,038,000. Canada Pension Plan Investment Board lifted its position in shares of GoDaddy by 107.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after buying an additional 719,000 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of GoDaddy during the 4th quarter worth approximately $111,923,000. Finally, Amundi increased its holdings in shares of GoDaddy by 84.4% during the 4th quarter. Amundi now owns 931,874 shares of the technology company's stock worth $183,710,000 after acquiring an additional 426,501 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the sale, the director now owns 21,621 shares of the company's stock, valued at approximately $3,888,536.85. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total value of $171,750.00. Following the completion of the transaction, the chief operating officer now owns 256,949 shares of the company's stock, valued at $44,130,990.75. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,000 shares of company stock valued at $3,518,150. Corporate insiders own 0.61% of the company's stock.

GoDaddy Price Performance

GoDaddy stock traded up $0.42 during trading hours on Monday, reaching $183.82. 385,020 shares of the stock were exchanged, compared to its average volume of 1,468,725. The stock has a 50 day moving average of $175.36 and a two-hundred day moving average of $186.73. The company has a market cap of $25.98 billion, a P/E ratio of 28.48 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GDDY. StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 target price for the company. Raymond James increased their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Benchmark increased their target price on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and a consensus price target of $209.60.

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.