GoDaddy (NYSE:GDDY) Director Sells $68,285.00 in Stock

Key Points

• Brian Sharples, a director at GoDaddy, sold 500 shares of stock for a total of $68,285.00, reducing his holding by 2.39% to 20,457 shares, worth about $2.79 million.
• GoDaddy reported earnings of $1.41 per share for the last quarter, exceeding analysts' estimates by $0.07, with revenue increasing by 8.3% year-over-year.
• Recent institutional trading shows increased interest in GoDaddy, with major investments from institutions such as Norges Bank and Goldman Sachs significantly raising their stakes in the company.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total transaction of $68,285.00. Following the transaction, the director owned 20,457 shares of the company's stock, valued at approximately $2,793,812.49. This represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $146.26, for a total transaction of $73,130.00.
• On Friday, August 1st, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $160.47, for a total transaction of $80,235.00.

GoDaddy Price Performance

GDDY traded up $0.92 during midday trading on Friday, reaching $134.92. 1,529,426 shares of the company's stock were exchanged, compared to its average volume of 1,579,174. GoDaddy Inc. has a one year low of $131.29 and a one year high of $216.00. The business has a 50-day simple moving average of $146.38 and a two-hundred day simple moving average of $166.93. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. GoDaddy's quarterly 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. As a group, research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Institutional Trading of GoDaddy

A number of institutional investors have recently bought and sold shares of GDDY. Norges Bank acquired a new stake in GoDaddy during the 2nd quarter worth $341,588,000. Goldman Sachs Group Inc. grew its holdings in GoDaddy by 257.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock worth $402,946,000 after acquiring an additional 1,610,890 shares during the period. Assenagon Asset Management S.A. grew its holdings in GoDaddy by 1,412.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock worth $242,727,000 after acquiring an additional 1,258,324 shares during the period. Qube Research & Technologies Ltd grew its holdings in GoDaddy by 2,289.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 873,626 shares of the technology company's stock worth $157,305,000 after acquiring an additional 837,065 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in GoDaddy by 41.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock worth $439,525,000 after acquiring an additional 710,842 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Citigroup cut their target price on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company cut their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. UBS Group cut their target price on shares of GoDaddy from $215.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Raymond James Financial cut their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and a consensus target price of $197.79.

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.

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