Susquehanna Fundamental Investments LLC Invests $2.09 Million in GoDaddy Inc. (NYSE:GDDY)

Susquehanna Fundamental Investments LLC purchased a new position in GoDaddy Inc. (NYSE:GDDY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,600 shares of the technology company's stock, valued at approximately $2,092,000.

Several other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in GoDaddy during the 3rd quarter worth $31,000. Versant Capital Management Inc acquired a new position in GoDaddy during the fourth quarter worth about $43,000. Rakuten Securities Inc. grew its stake in GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after acquiring an additional 165 shares in the last quarter. Friedenthal Financial acquired a new stake in GoDaddy in the 4th quarter valued at about $49,000. Finally, OFI Invest Asset Management purchased a new position in GoDaddy in the 4th quarter worth approximately $52,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $623,100.00. Following the completion of the transaction, the chief executive officer now directly owns 330,153 shares of the company's stock, valued at approximately $68,572,778.10. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $989,175.00. Following the completion of the sale, the chief financial officer now directly owns 115,375 shares in the company, valued at approximately $20,750,193.75. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,000 shares of company stock valued at $3,518,150. 0.61% of the stock is currently owned by company insiders.

GoDaddy Trading Down 8.4 %

GoDaddy stock traded down $16.09 during midday trading on Friday, reaching $176.27. 3,239,351 shares of the stock traded hands, compared to its average volume of 1,479,042. The firm has a market cap of $24.92 billion, a PE ratio of 27.33 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a 50-day simple moving average of $176.43 and a two-hundred day simple moving average of $187.10. GoDaddy Inc. has a 12-month low of $122.04 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.76 EPS. Research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. B. Riley upped their price target on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Raymond James raised their target price on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 21st. Wells Fargo & Company assumed coverage on GoDaddy in a report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target on the stock. Citigroup dropped their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group decreased their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has an average rating of "Moderate Buy" and a consensus price target of $208.93.

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.