GoDaddy (NYSE:GDDY) CAO Phontip Palitwanon Sells 1,310 Shares

Key Points

• GoDaddy CAO Phontip Palitwanon sold 1,310 shares on March 10 at an average price of $90.15 for $118,096.50, leaving her with 20,349 shares (a 6.05% reduction in her position).
• She also sold 766 shares on March 3 at $87.83 for $67,277.78, signaling multiple recent insider disposals.
• GoDaddy beat Q4 EPS estimates with $1.80 EPS on $1.27B revenue, but the stock traded down about 4% to $86.57 amid several analyst price-target cuts; consensus rating is "Moderate Buy" with a $131.93 target.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) CAO Phontip Palitwanon sold 1,310 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $90.15, for a total transaction of $118,096.50. Following the completion of the transaction, the chief accounting officer owned 20,349 shares in the company, valued at approximately $1,834,462.35. This represents a 6.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Phontip Palitwanon also recently made the following trade(s):

• On Tuesday, March 3rd, Phontip Palitwanon sold 766 shares of GoDaddy stock. The stock was sold at an average price of $87.83, for a total transaction of $67,277.78.

GoDaddy Stock Down 4.0%

GDDY stock traded down $3.65 during midday trading on Wednesday, hitting $86.57. The company's stock had a trading volume of 1,866,060 shares, compared to its average volume of 2,832,768. The firm's 50-day moving average is $99.07 and its 200-day moving average is $121.73. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50. GoDaddy Inc. has a 12 month low of $73.06 and a 12 month high of $193.55. The company has a market cap of $11.54 billion, a PE ratio of 13.89, a P/E/G ratio of 0.82 and a beta of 0.96.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $1.36 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoDaddy

Hedge funds have recently modified their holdings of the business. Hemington Wealth Management raised its holdings in GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company's stock worth $25,000 after purchasing an additional 85 shares during the period. Coldstream Capital Management Inc. grew its holdings in GoDaddy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company's stock valued at $258,000 after purchasing an additional 86 shares during the period. Penserra Capital Management LLC grew its holdings in GoDaddy by 14.0% during the second quarter. Penserra Capital Management LLC now owns 748 shares of the technology company's stock valued at $134,000 after purchasing an additional 92 shares during the period. MAI Capital Management increased its position in GoDaddy by 9.7% in the second quarter. MAI Capital Management now owns 1,127 shares of the technology company's stock worth $203,000 after buying an additional 100 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of GoDaddy by 0.9% in the third quarter. Clearstead Advisors LLC now owns 12,324 shares of the technology company's stock worth $1,686,000 after buying an additional 104 shares during the period. Institutional investors own 90.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GDDY shares. Royal Bank Of Canada dropped their price target on shares of GoDaddy from $200.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Benchmark lowered their price objective on shares of GoDaddy from $240.00 to $210.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Cantor Fitzgerald dropped their target price on shares of GoDaddy from $130.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Morgan Stanley decreased their target price on shares of GoDaddy from $159.00 to $145.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. Finally, Citigroup lowered their price target on GoDaddy from $195.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.93.

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company's core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.

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