GoDaddy Inc. (NYSE:GDDY) Shares Sold by Wambolt & Associates LLC

Wambolt & Associates LLC decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,481 shares of the technology company’s stock after selling 258 shares during the period. Wambolt & Associates LLC’s holdings in GoDaddy were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in GoDaddy during the 2nd quarter worth about $28,000. ORG Partners LLC acquired a new stake in GoDaddy in the 2nd quarter valued at about $32,000. V Square Quantitative Management LLC acquired a new stake in GoDaddy in the 4th quarter valued at about $28,000. International Assets Investment Management LLC acquired a new stake in GoDaddy in the 2nd quarter valued at about $36,000. Finally, GAMMA Investing LLC raised its position in GoDaddy by 102.3% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling

In other GoDaddy news, CAO Nick Daddario sold 2,976 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.61, for a total transaction of $451,191.36. Following the completion of the sale, the chief accounting officer now directly owns 14,728 shares of the company’s stock, valued at approximately $2,232,912.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other GoDaddy news, CFO Mark Mccaffrey sold 2,684 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total transaction of $422,005.32. Following the completion of the sale, the chief financial officer now directly owns 98,602 shares of the company’s stock, valued at approximately $15,503,192.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nick Daddario sold 2,976 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.61, for a total value of $451,191.36. Following the sale, the chief accounting officer now directly owns 14,728 shares of the company’s stock, valued at $2,232,912.08. The disclosure for this sale can be found here. Insiders have sold 30,744 shares of company stock worth $4,664,216 in the last quarter. 0.61% of the stock is owned by insiders.

GoDaddy Trading Up 0.8 %

NYSE:GDDY opened at $152.61 on Friday. The stock’s 50 day moving average price is $152.79 and its 200 day moving average price is $136.84. The company has a market capitalization of $21.78 billion, a PE ratio of 12.68 and a beta of 1.13. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 24.13. GoDaddy Inc. has a 52-week low of $71.15 and a 52-week high of $167.65.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, research analysts anticipate that GoDaddy Inc. will post 5.06 EPS for the current year.

Wall Street Analysts Forecast Growth

GDDY has been the topic of a number of analyst reports. Piper Sandler increased their price target on GoDaddy from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Benchmark increased their price target on GoDaddy from $170.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. increased their price target on GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Citigroup increased their price target on GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $164.08.

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.