GSA Capital Partners LLP Has $1.57 Million Stock Holdings in GoDaddy Inc. $GDDY

GSA Capital Partners LLP grew its position in GoDaddy Inc. (NYSE:GDDY) by 158.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,450 shares of the technology company’s stock after buying an additional 7,017 shares during the period. GSA Capital Partners LLP’s holdings in GoDaddy were worth $1,567,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Hemington Wealth Management increased its holdings in shares of 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 in the last quarter. NewSquare Capital LLC boosted its holdings in shares of GoDaddy by 170.9% in the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after buying an additional 94 shares during the period. Root Financial Partners LLC bought a new stake in shares of GoDaddy during the third quarter worth $31,000. Bayforest Capital Ltd raised its holdings in shares of GoDaddy by 141.5% during the third quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock worth $49,000 after acquiring an additional 208 shares during the period. Finally, Mather Group LLC. bought a new stake in GoDaddy in the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other news, CAO Phontip Palitwanon sold 2,397 shares of GoDaddy stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total value of $307,870.68. Following the transaction, the chief accounting officer owned 17,055 shares in the company, valued at approximately $2,190,544.20. This trade represents a 12.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 3,317 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $424,376.98. Following the transaction, the chief financial officer directly owned 66,816 shares of the company’s stock, valued at $8,548,439.04. This trade represents a 4.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,615 shares of company stock valued at $1,743,102. Company insiders own 0.70% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY stock opened at $91.00 on Wednesday. The stock has a market cap of $12.30 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.81 and a beta of 0.94. The company has a fifty day moving average price of $110.94 and a two-hundred day moving average price of $127.95. GoDaddy Inc. has a one year low of $87.13 and a one year high of $193.55. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GDDY shares. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Evercore dropped their target price on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. UBS Group cut their target price on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GoDaddy in a research note on Wednesday, January 28th. Finally, Citigroup lowered their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $166.21.

GoDaddy 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.