Phontip Palitwanon Sells 1,554 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CAO Phontip Palitwanon sold 1,554 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $203.90, for a total value of $316,860.60. Following the transaction, the chief accounting officer now owns 21,505 shares of the company’s stock, valued at approximately $4,384,869.50. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, December 3rd, Phontip Palitwanon sold 770 shares of GoDaddy stock. The stock was sold at an average price of $196.64, for a total value of $151,412.80.
• On Friday, November 15th, Phontip Palitwanon sold 1 shares of GoDaddy stock. The shares were sold at an average price of $183.02, for a total transaction of $183.02.

GoDaddy Trading Up 0.3 %

Shares of GoDaddy stock opened at $208.90 on Friday. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The business has a fifty day simple moving average of $179.62 and a two-hundred day simple moving average of $159.82. GoDaddy Inc. has a 1 year low of $99.90 and a 1 year high of $210.30. The company has a market capitalization of $29.33 billion, a price-to-earnings ratio of 16.14 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.89 EPS. GoDaddy’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current year.

Institutional Investors Weigh In On GoDaddy

Institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of GoDaddy during the third quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new position in GoDaddy during the 3rd quarter worth $30,000. Transcendent Capital Group LLC acquired a new stake in shares of GoDaddy during the second quarter worth $28,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the third quarter valued at about $31,000. Finally, ORG Partners LLC acquired a new position in shares of GoDaddy in the second quarter valued at about $32,000. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GDDY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. JPMorgan Chase & Co. upped their target price on GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. B. Riley increased their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.57.

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.