GoDaddy (NYSE:GDDY) CAO Phontip Palitwanon Sells 2,261 Shares

GoDaddy Inc. (NYSE:GDDY) CAO Phontip Palitwanon sold 2,261 shares of GoDaddy stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $91.81, for a total value of $207,582.41. Following the transaction, the chief accounting officer owned 17,734 shares in the company, valued at approximately $1,628,158.54. This represents a 11.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 2nd, Phontip Palitwanon sold 542 shares of GoDaddy stock. The shares were sold at an average price of $89.86, for a total transaction of $48,704.12.
• On Monday, May 18th, Phontip Palitwanon sold 12 shares of GoDaddy stock. The shares were sold at an average price of $89.15, for a total transaction of $1,069.80.

GoDaddy Price Performance

GoDaddy stock opened at $100.47 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 561.10. The company has a 50-day moving average price of $87.37 and a 200 day moving average price of $87.74. GoDaddy Inc. has a 12-month low of $71.59 and a 12-month high of $150.47. The stock has a market cap of $12.73 billion, a P/E ratio of 14.91, a PEG ratio of 0.82 and a beta of 0.90.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $1.41 EPS. GoDaddy’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that GoDaddy Inc. will post 7.21 earnings per share for the current year.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently bought and sold shares of GDDY. Coldstream Capital Management Inc. increased its stake in GoDaddy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock worth $258,000 after purchasing an additional 86 shares during the period. Main Street Financial Solutions LLC boosted its stake in shares of GoDaddy by 1.0% in the second quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock valued at $2,185,000 after purchasing an additional 119 shares during the period. Lido Advisors LLC grew its holdings in shares of GoDaddy by 6.2% in the fourth quarter. Lido Advisors LLC now owns 2,083 shares of the technology company’s stock valued at $283,000 after purchasing an additional 121 shares in the last quarter. Martin Capital Advisors LLP grew its holdings in shares of GoDaddy by 1.5% in the fourth quarter. Martin Capital Advisors LLP now owns 9,082 shares of the technology company’s stock valued at $1,127,000 after purchasing an additional 130 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in GoDaddy by 2.0% during the 4th quarter. Vontobel Holding Ltd. now owns 6,859 shares of the technology company’s stock worth $851,000 after buying an additional 134 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GDDY shares. B. Riley Financial cut their target price on GoDaddy from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 31st. William Blair lowered GoDaddy from an “outperform” rating to a “market perform” rating in a research note on Friday, July 31st. Citigroup lowered their price target on GoDaddy from $110.00 to $105.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Raymond James Financial downgraded GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price objective for the company. in a research report on Friday, July 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $90.00 price objective on shares of GoDaddy in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $110.33.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: In an interview, GoDaddy’s CFO discussed growth opportunities tied to the company’s Airo product, average revenue per user (ARPU), and the shift toward AI-driven online discovery. The comments may have reinforced investor confidence in GoDaddy’s ability to expand beyond its traditional domain-registration business. Exclusive: GoDaddy CFO on Airo, ARPU growth and the shift to AI discovery

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.