Nick Daddario Sells 341 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

Posted by Defense World Staff on Jun 8th, 2023

GoDaddy Inc. (NYSE:GDDY – Get Rating) CAO Nick Daddario sold 341 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.37, for a total transaction of $25,701.17. Following the sale, the chief accounting officer now owns 20,722 shares of the company’s stock, valued at $1,561,817.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nick Daddario also recently made the following trade(s):

On Tuesday, May 2nd, Nick Daddario sold 90 shares of GoDaddy stock. The stock was sold at an average price of $74.96, for a total transaction of $6,746.40.

GoDaddy Stock Up 0.2 %

Shares of NYSE:GDDY opened at $72.61 on Thursday. The stock has a market cap of $11.22 billion, a P/E ratio of 34.74, a PEG ratio of 2.04 and a beta of 0.97. GoDaddy Inc. has a 52-week low of $64.65 and a 52-week high of $85.32. The business has a fifty day moving average of $74.18 and a two-hundred day moving average of $75.71.

GoDaddy (NYSE:GDDY – Get Rating) last posted its earnings results on Thursday, May 4th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.22). GoDaddy had a negative return on equity of 95.00% and a net margin of 8.03%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $0.41 EPS. GoDaddy’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that GoDaddy Inc. will post 2.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GDDY. Achmea Investment Management B.V. acquired a new stake in shares of GoDaddy in the 1st quarter valued at approximately $31,000. Allworth Financial LP raised its holdings in GoDaddy by 56.7% during the fourth quarter. Allworth Financial LP now owns 456 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in GoDaddy by 119.4% during the first quarter. Ronald Blue Trust Inc. now owns 509 shares of the technology company’s stock worth $38,000 after purchasing an additional 277 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of GoDaddy in the first quarter worth $41,000. Finally, Penserra Capital Management LLC acquired a new position in shares of GoDaddy in the fourth quarter worth $62,000. 97.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GDDY shares. Robert W. Baird started coverage on shares of GoDaddy in a research note on Tuesday, April 11th. They issued an “outperform” rating and a $95.00 price objective on the stock. StockNews.com assumed coverage on shares of GoDaddy in a report on Thursday, May 18th. They set a “buy” rating for the company. Barclays cut their price objective on shares of GoDaddy from $100.00 to $98.00 in a report on Friday, May 5th. Raymond James raised their target price on shares of GoDaddy from $88.00 to $94.00 and gave the company a “strong-buy” rating in a report on Wednesday, February 15th. Finally, Piper Sandler lowered their price target on GoDaddy from $88.00 to $84.00 in a research report on Friday, May 5th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.91.

About GoDaddy

(Get Rating)

GoDaddy, Inc engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. It operates through the Applications and Commerce (A and C) and Core Platform (Core) segments. The A and C segment consists of sales of products containing proprietary software, commerce products and third-party email and productivity solutions.

Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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