GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples Sells 500 Shares

GoDaddy Inc. (NYSE:GDDY - Get Free Report) Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $179.68, for a total value of $89,840.00. Following the transaction, the director directly owned 21,957 shares of the company's stock, valued at approximately $3,945,233.76. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brian Sharples also recently made the following trade(s):

• On Monday, June 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $182.03, for a total transaction of $91,015.00.
• On Thursday, May 1st, Brian Sharples sold 500 shares of GoDaddy stock. The shares were sold at an average price of $190.86, for a total transaction of $95,430.00.

GoDaddy Trading Up 1.1%

Shares of NYSE:GDDY traded up $1.94 during midday trading on Thursday, hitting $177.37. The company had a trading volume of 1,157,221 shares, compared to its average volume of 1,332,349. The firm has a fifty day simple moving average of $181.81 and a 200 day simple moving average of $186.45. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 34.11 and a beta of 1.05. 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 12 month low of $140.11 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. GoDaddy's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $2.76 EPS. On average, analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in GoDaddy by 123.4% in the first 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 bought a new stake in shares of GoDaddy in the 1st quarter valued at $27,000. Private Trust Co. NA raised its stake in GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after buying an additional 136 shares during the period. Zions Bancorporation National Association UT bought a new position in GoDaddy during the first quarter worth about $30,000. Finally, Banque Transatlantique SA acquired a new position in GoDaddy in the first quarter valued at about $36,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group cut their price objective on GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a research report on Monday, April 7th. Barclays lowered their target price on GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $225.00 price objective on shares of GoDaddy in a research report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and a consensus target price 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.

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