CEO of GoDaddy Inc. (NYSE:GDDY – Free Report). Amanpal Singh Bhutani sold 2,016 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $74.93, for a total value of $151,058.88. Following the transaction, the chief executive officer now owns 273,125 shares in the company, valued at approximately $20,465,256.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Amanpal Singh Bhutani also recently made the following trades:
On Friday, June 2nd, Amanpal Singh Bhutani sold 3,117 shares of GoDaddy stock. The shares were sold at an average price of $75.37, for a total value of $234,928.29.
GoDaddy Trade Up 0.2%
Shares of GoDaddy stock traded up $0.12 during trading hours on Friday, reaching $75.52. 713,889 shares of the company’s stock traded hands, compared to its average volume of 1,148,514. GoDaddy Inc. it has a 52-week low of $64.65 and a 52-week high of $85.32. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. The company has a fifty day moving average of $72.96 and a 200 day moving average of $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 for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.22). GoDaddy had a negative return on equity of 95.00% and a net margin of 8.03%. The business had revenue of $1.04 billion in the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that GoDaddy Inc. will post 2.4 earnings per share in the current fiscal year.
Analysts set new price targets
GDDY has been the subject of several research reports. B. Riley initiated coverage on GoDaddy in a report on Wednesday, June 28th. They issued a “buy” rating and a $102.00 target price on the stock. Robert W. Baird initiated coverage on GoDaddy in a report on Tuesday, April 11th. They issued an “outperform” rating and a $95.00 target price on the stock. StockNews.com initiated coverage on GoDaddy in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Barclays reduced their target price on GoDaddy from $100.00 to $98.00 in a report on Friday, May 5th. Finally, Royal Bank of Canada began coverage on GoDaddy in a report on Monday, June 5th. They issued a “sector perform” rating and a $80.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.75, according to MarketBeat.
Institutional inputs and outputs
A number of large investors have recently made changes to their positions in GDDY. Achmea Investment Management BV bought a new position in shares of GoDaddy during the first quarter worth $31,000. Allworth Financial LP boosted its position in shares of GoDaddy by 56.7% in 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 period. Ronald Blue Trust Inc. raised its position in shares of 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 buying an additional 277 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of GoDaddy during the first quarter worth $41,000. Finally, Penserra Capital Management LLC bought a new position in shares of GoDaddy during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 93.73% of the company’s shares.
GoDaddy Company Profile
(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.
See also
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