GoDaddy Inc. (NYSE:GDDY – Get Free Report) COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.79, for a total value of $559,160.00. Following the transaction, the chief operating officer now directly owns 192,632 shares in the company, valued at approximately $26,928,027.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Roger Chen also recently made the following trade(s):
- On Monday, June 3rd, Roger Chen sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $138.84, for a total transaction of $555,360.00.
- On Wednesday, May 1st, Roger Chen sold 4,000 shares of GoDaddy stock. The shares were sold at an average price of $122.60, for a total transaction of $490,400.00.
GoDaddy Stock Performance
NYSE:GDDY opened at $143.69 on Thursday. The firm has a market capitalization of $20.50 billion, a PE ratio of 11.93 and a beta of 1.14. GoDaddy Inc. has a 1 year low of $69.18 and a 1 year high of $145.36. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15. The firm’s fifty day simple moving average is $135.92 and its 200 day simple moving average is $121.04.
Analysts Set New Price Targets
GDDY has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of GoDaddy in a research note on Friday, May 3rd. Raymond James started coverage on GoDaddy in a research note on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $150.00 price target on shares of GoDaddy in a research note on Wednesday, May 1st. Evercore ISI boosted their price target on GoDaddy from $110.00 to $135.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.92.
Get Our Latest Research Report on GoDaddy
Institutional Trading of GoDaddy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of GoDaddy in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC boosted its holdings 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 during the period. Frazier Financial Advisors LLC acquired a new stake in GoDaddy in the 4th quarter worth $33,000. Massmutual Trust Co. FSB ADV grew its position in GoDaddy by 140.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after purchasing an additional 205 shares during the last quarter. Finally, New Covenant Trust Company N.A. bought a new position in shares of GoDaddy during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 90.28% of the company’s stock.
GoDaddy Company Profile
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.
Featured Articles
- Five stocks we like better than GoDaddy
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Celebrate July 4th with These Red, White, & Blue Chip Stocks
- 3 Tickers Leading a Meme Stock Revival
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Stock Analyst Ratings and Canadian Analyst Ratings
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.