Caxton Associates LP Sells 2,399 Shares of GoDaddy Inc. (NYSE:GDDY)

Caxton Associates LP trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,602 shares of the technology company's stock after selling 2,399 shares during the period. Caxton Associates LP's holdings in GoDaddy were worth $4,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas raised its holdings in 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 acquiring an additional 59 shares in the last quarter. AXA S.A. grew its stake in GoDaddy by 134.2% during the fourth quarter. AXA S.A. now owns 71,648 shares of the technology company's stock worth $14,141,000 after buying an additional 41,060 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in GoDaddy by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 64,438 shares of the technology company's stock valued at $12,718,000 after buying an additional 2,769 shares during the period. Westbourne Investments Inc. acquired a new position in shares of GoDaddy in the 4th quarter valued at approximately $714,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of GoDaddy by 88.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,082,381 shares of the technology company's stock worth $213,630,000 after acquiring an additional 507,374 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Up 0.1 %

Shares of GDDY traded up $0.09 during trading hours on Thursday, reaching $183.20. 1,075,001 shares of the stock traded hands, compared to its average volume of 1,475,161. GoDaddy Inc. has a 52 week low of $131.27 and a 52 week high of $216.00. The stock has a fifty day simple moving average of $176.76 and a 200 day simple moving average of $187.57. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a market cap of $25.90 billion, a price-to-earnings ratio of 28.40 and a beta of 1.13.

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

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 37,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 77,250 shares of the company's stock, valued at approximately $13,978,387.50. This trade represents a 32.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the sale, the chief operating officer now directly owns 256,949 shares in the company, valued at $44,130,990.75. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,500 shares of company stock valued at $10,244,835 over the last three months. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on GDDY. Piper Sandler boosted their price objective on shares of GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. B. Riley lifted their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Citigroup lowered their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Benchmark restated a "buy" rating on shares of GoDaddy in a research report on Monday, April 28th. Finally, UBS Group raised their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, GoDaddy presently has a consensus rating of "Moderate Buy" and an average 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.