GoDaddy (NYSE:GDDY) Director Leah Sweet Sells 645 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) Director Leah Sweet sold 645 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $116.67, for a total transaction of $75,252.15. Following the completion of the transaction, the director owned 13,044 shares in the company, valued at approximately $1,521,843.48. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Leah Sweet also recently made the following trade(s):

• On Tuesday, September 1st, Leah Sweet sold 325 shares of GoDaddy stock. The shares were sold at an average price of $97.44, for a total transaction of $31,668.00.
• On Friday, August 28th, Leah Sweet sold 325 shares of GoDaddy stock. The stock was sold at an average price of $97.37, for a total transaction of $31,645.25.

GoDaddy Stock Up 1.5%

Shares of NYSE GDDY opened at $113.40 on Wednesday. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $133.34. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 15.51 and a beta of 0.94. The stock has a 50 day moving average price of $103.90 and a 200 day moving average price of $92.47. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.61 and a current ratio of 0.61.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.18. GoDaddy had a return on equity of 1,200.87% and a net margin of 18.56%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $1.51 EPS. GoDaddy’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts expect that GoDaddy Inc. will post 7.48 earnings per share for the current year.

Institutional Investors Weigh In On GoDaddy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of GoDaddy in the 3rd quarter worth $9,306,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in GoDaddy in the second quarter worth about $28,938,000. Renaissance Technologies LLC grew its stake in shares of GoDaddy by 27.0% during the first quarter. Renaissance Technologies LLC now owns 553,300 shares of the technology company’s stock worth $45,741,000 after acquiring an additional 117,800 shares during the last quarter. Swiss National Bank grew its stake in shares of GoDaddy by 4.5% during the first quarter. Swiss National Bank now owns 396,500 shares of the technology company’s stock worth $32,779,000 after acquiring an additional 17,100 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of GoDaddy during the third quarter valued at about $3,086,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GDDY shares. Deutsche Bank Aktiengesellschaft cut shares of GoDaddy to a “buy” rating in a report on Friday, July 31st. Citigroup upped their price target on shares of GoDaddy from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Raymond James Financial downgraded shares of GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price objective on the stock. in a research note on Friday, July 31st. Wells Fargo & Company lowered shares of GoDaddy from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $80.00 to $76.00 in a report on Wednesday, August 26th. Finally, Cantor Fitzgerald boosted their price objective on shares of GoDaddy from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, October 19th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GoDaddy presently has an average rating of “Hold” and an average price target of $113.62.

GoDaddy Company Profile

GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.