261 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 261 shares of the technology company’s stock, valued at approximately $28,000.

Several other institutional investors also recently bought and sold shares of GDDY. Pathstone Family Office LLC bought a new position in GoDaddy during the third quarter valued at about $356,000. HighTower Advisors LLC increased its stake in shares of GoDaddy by 2.3% in the third quarter. HighTower Advisors LLC now owns 17,709 shares of the technology company’s stock worth $1,323,000 after purchasing an additional 394 shares during the period. Paralel Advisors LLC increased its stake in shares of GoDaddy by 1.1% in the third quarter. Paralel Advisors LLC now owns 24,607 shares of the technology company’s stock worth $1,833,000 after purchasing an additional 277 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of GoDaddy by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 14,031 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 539 shares during the period. Finally, Aviva PLC increased its stake in shares of GoDaddy by 1.0% in the third quarter. Aviva PLC now owns 29,146 shares of the technology company’s stock worth $2,171,000 after purchasing an additional 294 shares during the period. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Stock Down 0.7 %

NYSE GDDY opened at $137.01 on Wednesday. The firm has a market cap of $19.55 billion, a PE ratio of 11.38 and a beta of 1.10. GoDaddy Inc. has a one year low of $69.18 and a one year high of $142.95. The stock’s 50 day simple moving average is $132.15 and its 200 day simple moving average is $118.41. The company has a debt-to-equity ratio of 9.15, a current ratio of 0.55 and a quick ratio of 0.55.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. As a group, sell-side analysts forecast that GoDaddy Inc. will post 4.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GDDY. UBS Group lifted their price objective on GoDaddy from $118.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Robert W. Baird lifted their target price on GoDaddy from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. B. Riley lifted their target price on GoDaddy from $124.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Morgan Stanley lifted their target price on GoDaddy from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Citigroup lifted their target price on GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.92.

Insiders Place Their Bets

In other GoDaddy news, Director Leah Sweet sold 1,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $141.59, for a total transaction of $141,590.00. Following the transaction, the director now owns 11,317 shares of the company’s stock, valued at approximately $1,602,374.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Leah Sweet sold 1,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $141.59, for a total value of $141,590.00. Following the transaction, the director now owns 11,317 shares of the company’s stock, valued at approximately $1,602,374.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 2,500 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 384,323 shares in the company, valued at approximately $46,118,760. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,695 shares of company stock valued at $6,537,029. 0.61% of the stock is currently owned by corporate insiders.

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.