GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC lifted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 129.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,348 shares of the technology company's stock after buying an additional 10,343 shares during the period. GoDaddy comprises 0.6% of Oak Thistle LLC's holdings, making the stock its 23rd largest holding. Oak Thistle LLC's holdings in GoDaddy were worth $1,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Achmea Investment Management B.V. purchased a new position in GoDaddy during the first quarter worth $31,000. Quent Capital LLC grew its holdings in GoDaddy by 2,113.6% during the 3rd quarter. Quent Capital LLC now owns 487 shares of the technology company's stock valued at $36,000 after purchasing an additional 465 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in GoDaddy by 140.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company's stock worth $37,000 after purchasing an additional 205 shares during the period. Fifth Third Bancorp bought a new stake in GoDaddy in the third quarter worth about $43,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of GoDaddy during the third quarter valued at approximately $44,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GDDY shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $124.00 price target on shares of GoDaddy in a report on Thursday, March 7th. Morgan Stanley boosted their target price on shares of GoDaddy from $120.00 to $132.00 and gave the company an "equal weight" rating in a research note on Thursday, March 14th. Benchmark reaffirmed a "buy" rating and issued a $150.00 price target on shares of GoDaddy in a research note on Thursday, March 7th. StockNews.com raised shares of GoDaddy from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird raised their target price on shares of GoDaddy from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.10.

GoDaddy Stock Up 2.1 %

GoDaddy stock traded up $2.46 during mid-day trading on Monday, reaching $121.14. 1,060,372 shares of the company were exchanged, compared to its average volume of 1,533,214. GoDaddy Inc. has a 12-month low of $67.43 and a 12-month high of $122.83. The business has a fifty day moving average of $113.49 and a 200 day moving average of $98.55. The firm has a market cap of $17.26 billion, a P/E ratio of 12.65 and a beta of 1.12. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. Research analysts anticipate that GoDaddy Inc. will post 4.74 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Roger Chen sold 4,000 shares of the company's stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.22, for a total transaction of $420,880.00. Following the transaction, the chief operating officer now directly owns 153,716 shares of the company's stock, valued at $16,173,997.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other GoDaddy news, COO Roger Chen sold 4,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $105.22, for a total value of $420,880.00. Following the completion of the sale, the chief operating officer now directly owns 153,716 shares in the company, valued at $16,173,997.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 59,608 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $6,589,068.32. Following the sale, the chief executive officer now owns 394,423 shares in the company, valued at approximately $43,599,518.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,115 shares of company stock worth $13,457,935. Corporate insiders own 0.54% of the company's stock.

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.