GoDaddy (NYSE:GDDY) CAO Phontip Palitwanon Sells 766 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) CAO Phontip Palitwanon sold 766 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $87.83, for a total value of $67,277.78. Following the sale, the chief accounting officer directly owned 21,659 shares of the company’s stock, valued at $1,902,309.97. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Phontip Palitwanon also recently made the following trade(s):

• On Wednesday, December 10th, Phontip Palitwanon sold 2,397 shares of GoDaddy stock. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68.

GoDaddy Trading Down 0.4%

GDDY stock traded down $0.34 during mid-day trading on Friday, hitting $92.79. 721,381 shares of the company were exchanged, compared to its average volume of 2,199,076. GoDaddy Inc. has a 12-month low of $73.06 and a 12-month high of $193.55. The firm has a market capitalization of $12.54 billion, a P/E ratio of 14.89, a PEG ratio of 0.81 and a beta of 0.96. The business has a fifty day simple moving average of $101.89 and a 200-day simple moving average of $123.42. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 17.50.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.58 by $0.22. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $1.36 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management lifted its stake in GoDaddy by 85.9% in the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after acquiring an additional 85 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GoDaddy in the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of GoDaddy during the 4th quarter worth $25,000. Activest Wealth Management lifted its position in shares of GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Finally, NewSquare Capital LLC grew its stake in shares of GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported a quarter with EPS of $1.80 vs. $1.58 expected and revenue up ~6.8% year?over?year, giving the company a fundamental earnings tailwind. Quarterly Results
• Neutral Sentiment: Analyst consensus remains a “Moderate Buy” (mixed ratings across the sell side), which limits upside but keeps coverage broadly constructive. Analyst Consensus
• Negative Sentiment: Significant insider selling this week is creating near?term supply pressure: CEO Amanpal Bhutani sold 34,148 shares (Mar 4) and CFO Mark McCaffrey sold 17,406 shares (Mar 4). Large executive sales often weigh on sentiment; see SEC filings for the CEO and CFO. CEO Form 4 CFO Form 4
• Negative Sentiment: Several analysts have cut price targets recently (Evercore to $95 with an “In Line” rating; others trimmed targets), which reduces upside expectations and can prompt institutional rebalancing or selling. Evercore Note Analyst Coverage Summary

Analysts Set New Price Targets

GDDY has been the topic of several research analyst reports. Barclays cut their price objective on GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 target price on shares of GoDaddy in a research report on Wednesday, February 25th. UBS Group cut their price target on shares of GoDaddy from $145.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley lowered their price objective on shares of GoDaddy from $159.00 to $145.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Benchmark dropped their price objective on shares of GoDaddy from $240.00 to $210.00 and set a “buy” rating for the company in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.93.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.