Allworth Financial LP grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY – Free Report ) by 309.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,869 shares of the technology company’s stock after acquiring an additional 1,413 shares during the quarter. Allworth Financial LP’s holdings in GoDaddy were worth $145,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of GDDY. Commerce Bank boosted its holdings in GoDaddy by 0.3% during the fourth quarter. Commerce Bank now owns 45,494 shares of the technology company’s stock valued at $3,404,000 after purchasing an additional 142 shares during the period. CAPROCK Group Inc. raised its holdings in GoDaddy by 4.3% during the fourth quarter. CAPROCK Group Inc. now owns 3,647 shares of the technology company’s stock valued at $273,000 after purchasing an additional 151 shares during the period. Voya Investment Management LLC boosted its holdings in shares of GoDaddy by 0.8% during the fourth quarter. Voya Investment Management LLC now owns 27,592 shares of the technology company’s stock valued at $2,064,000 after buying an additional 212 shares during the last quarter. Desjardins Global Asset Management Inc. raised its holdings in shares of GoDaddy by 17.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,545 shares of the technology company’s stock valued at $115,000 after purchasing an additional 230 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its holdings in shares of GoDaddy by 2.0% during the first quarter. Donaldson Capital Management LLC now owns 12,907 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 248 shares during the last quarter. Currently, 93.73% of the shares are owned by institutional investors and hedge funds.
GoDaddy Stock Performance
Shares of NYSE GDDY opened at $75.39 on Wednesday. The company has a market cap of $11.65 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96. GoDaddy Inc. it has a 52-week low of $64.65 and a 52-week high of $85.32. The company’s 50-day moving average price is $72.99 and its 200-day moving average price is $75.42.
GoDaddy (NYSE:GDDY – Free Report) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.22). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. GoDaddy had a negative return on equity of 95.00% and a net margin of 8.03%. The company’s revenue for the quarter was up 3.3% year-over-year. During the same quarter last year, the company posted $0.41 EPS. Analysts predict that GoDaddy Inc. will post 2.4 earnings per share for the current year.
Featured activity at GoDaddy
In related news, CAO Nick Daddario sold 341 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.37, for a total transaction of $25,701.17. Following the transaction, the chief accounting officer now owns 20,722 shares in the company, valued at approximately $1,561,817.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed this hyperlink. In related news, CFO Mark McCaffrey sold 812 shares of the business’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 $61,200.44. Following the transaction, the chief financial officer now owns 92,609 shares in the company, valued at approximately $6,979,940.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed this hyperlink. Also, CAO Nick Daddario sold 341 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.37, for a total transaction of $25,701.17. Following the transaction, the chief accounting officer now owns 20,722 shares in the company, valued at approximately $1,561,817.14. Disclosure of this sale can be found here. Insiders have sold 5,257 shares of company stock worth $395,894 over the last quarter. Company experts own 0.54% of the company’s stock.
Wall Street analysts expect growth
A number of equities research analysts recently issued reports on GDDY shares. Robert W. Baird began coverage on shares of GoDaddy in a report on Tuesday, April 11th. They set an “outperform” rating and a $95.00 target price on the stock. Royal Bank of Canada started coverage on shares of GoDaddy in a report on Monday, June 5th. They set a “sector perform” rating and a $80.00 target price on the stock. Barclays cut their target price on shares of GoDaddy from $100.00 to $98.00 in a report on Friday, May 5th. Piper Sandler cut their target price on shares of GoDaddy from $88.00 to $84.00 in a report on Friday, May 5th. Finally, B. Riley began coverage on shares of GoDaddy in a report on Wednesday, June 28th. They set a “buy” rating and a $102.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $92.75, according to MarketBeat.
About GoDaddy
(Free report)
GoDaddy Inc is engaged in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce and Basic Platform. The Applications and Commerce segment offers application products, including Websites + Marketing, a mobile-optimized online tool that enables customers to create e-commerce-enabled websites and online stores; and Managed WordPress, a streamlined and optimized hosting platform that enables customers to build and manage a WordPress site faster and more securely and is offered with WooCommerce for selling online; and marketing tools and services, such as the GoDaddy Studio mobile app, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and attract customers and create content.
Read more
Want to see what other hedge funds have GDDY? Visit HoldingsChannel.com for the latest 13F filings and insider trading from GoDaddy Inc. (NYSE:GDDY – Free Report).
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GoDaddy, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes notice … and GoDaddy wasn’t on the list.
Although GoDaddy currently has a “Moderate Buy” rating among analysts, the top rated analysts believe these five stocks are best buys.
Check out the five stocks here
Wondering when you can finally invest in SpaceX, StarLink, or The Boring Company? Click the link below to find out when Elon Musk will allow these companies to go public.
[ad_2]
Source link
