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

Key Points

• Roger Chen, COO of GoDaddy, recently sold 1,000 shares of the company's stock at an average price of $143.53, resulting in a total transaction value of $143,530.
• GoDaddy reported a Q2 earnings per share (EPS) of $1.41, exceeding analysts' expectations, with revenue reaching $1.22 billion, an increase of 8.3% from the previous year.
• Institutional investors own 90.28% of GoDaddy's stock, reflecting strong interest and investment activity from major firms in the company.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $143.53, for a total value of $143,530.00. Following the completion of the transaction, the chief operating officer owned 252,949 shares in the company, valued at $36,305,769.97. This represents a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $169,590.00.
• On Monday, June 16th, Roger Chen sold 1,000 shares of GoDaddy stock. The shares were sold at an average price of $175.96, for a total value of $175,960.00.

GoDaddy Price Performance

NYSE:GDDY traded up $0.5170 during trading hours on Tuesday, hitting $144.5870. The company's stock had a trading volume of 1,576,692 shares, compared to its average volume of 2,400,319. The stock has a fifty day simple moving average of $166.04 and a 200-day simple moving average of $176.37. GoDaddy Inc. has a twelve month low of $132.51 and a twelve month high of $216.00. The company has a market capitalization of $20.02 billion, a P/E ratio of 25.82, a PEG ratio of 1.56 and a beta of 1.08. 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 (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of GoDaddy in the fourth quarter valued at about $238,000. United Capital Financial Advisors LLC bought a new stake in shares of GoDaddy in the 4th quarter worth approximately $245,000. NewEdge Advisors LLC lifted its stake in GoDaddy by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 4,179 shares of the technology company's stock valued at $825,000 after acquiring an additional 223 shares during the period. Marshall Wace LLP purchased a new stake in GoDaddy during the 4th quarter valued at approximately $1,145,000. Finally, GeoWealth Management LLC bought a new stake in GoDaddy in the fourth quarter worth $343,000. 90.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GDDY shares. Wells Fargo & Company cut their price objective on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Benchmark restated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $202.43.

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.

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