GoDaddy Inc. (NYSE:GDDY) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. cut its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 94.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,238 shares of the technology company’s stock after selling 20,112 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in GoDaddy were worth $244,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in GoDaddy during the 3rd quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in shares of GoDaddy in the third quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy during the third quarter worth approximately $31,000. Versant Capital Management Inc purchased a new position in GoDaddy during the fourth quarter valued at approximately $43,000. Finally, Friedenthal Financial acquired a new stake in shares of GoDaddy during the 4th quarter valued at $49,000. 90.28% of the stock is currently owned by institutional investors.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $167.79, for a total value of $503,370.00. Following the sale, the chief executive officer now owns 345,956 shares of the company’s stock, valued at $58,047,957.24. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00. Following the transaction, the director now directly owns 24,121 shares of the company’s stock, valued at $4,317,659. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,483 shares of company stock worth $4,759,553. 0.61% of the stock is currently owned by company insiders.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $207.44 on Friday. The company has a market cap of $29.12 billion, a price-to-earnings ratio of 16.03 and a beta of 1.15. The business has a 50 day moving average price of $200.75 and a 200 day moving average price of $173.32. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a twelve month low of $106.42 and a twelve month high of $211.11.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Research analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GDDY. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price target (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Benchmark lifted their target price on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird increased their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.07.

GoDaddy 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.