Roger Chen Sells 1,000 Shares of GoDaddy (NYSE:GDDY) Stock

Key Points

• GoDaddy COO Roger Chen sold 1,000 shares of the company's stock on September 15th for a total of $145,710.00, reducing his ownership by 0.40% to 251,949 shares.
• The stock saw a slight increase of 1.2% on Thursday, trading at $145.86, following a positive earnings report where GoDaddy reported $1.41 earnings per share, beating estimates.
• Recent analyst ratings for GoDaddy have varied, with Raymond James lowering their target price from $225.00 to $175.00 while maintaining a "strong-buy" rating.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer owned 251,949 shares of the company's stock, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roger Chen also recently made the following trade(s):

• On Friday, August 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $143.53, for a total value of $143,530.00.
• On Tuesday, July 15th, Roger Chen sold 1,000 shares of GoDaddy stock. The stock was sold at an average price of $169.59, for a total value of $169,590.00.

GoDaddy Stock Performance

Shares of GDDY stock traded up $1.58 during midday trading on Monday, hitting $146.34. The company had a trading volume of 383,506 shares, compared to its average volume of 1,583,136. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a 52-week low of $132.51 and a 52-week high of $216.00. The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.56 and a beta of 1.02. The company's 50 day simple moving average is $152.05 and its 200 day simple moving average is $169.30.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GDDY shares. Royal Bank Of Canada decreased their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Barclays lowered their price objective on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Citigroup reduced their price objective on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Raymond James Financial cut their price target on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.43.

Institutional Trading of GoDaddy

Several institutional investors have recently added to or reduced their stakes in GDDY. Vident Advisory LLC boosted its stake in shares of GoDaddy by 50.9% during the 4th quarter. Vident Advisory LLC now owns 2,169 shares of the technology company's stock valued at $428,000 after purchasing an additional 732 shares in the last quarter. Woodline Partners LP bought a new position in shares of GoDaddy in the fourth quarter worth approximately $2,616,000. City National Bank of Florida MSD purchased a new stake in GoDaddy during the fourth quarter valued at approximately $659,000. Vise Technologies Inc. purchased a new stake in shares of GoDaddy in the fourth quarter worth $255,000. Finally, Invst LLC lifted its position in GoDaddy by 1.0% during the fourth quarter. Invst LLC now owns 7,521 shares of the technology company's stock valued at $1,484,000 after purchasing an additional 74 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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.