GoDaddy Stock Performance<\/h2>\n
Shares of GDDY stock opened at $74.18 on Friday. The company’s fifty day moving average price is $73.04 and its two hundred day moving average price is $75.43. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.05 and a beta of 0.97. GoDaddy has a 52 week low of $64.65 and a 52 week high of $85.32. <\/p>\n
Hedge funds weigh in on GoDaddy<\/h2>\n
Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of GoDaddy by 0.7% during the first quarter. Vanguard Group Inc. now owns 16,202,298 shares of the technology company\u2019s stock valued at $1,356,131,000 after acquiring an additional 107,949 shares during the last quarter. Starboard Value LP raised its stake in shares of GoDaddy by 23.9% during the fourth quarter. Starboard Value LP now owns 10,233,055 shares of the technology company\u2019s stock worth $765,637,000 after purchasing an additional 1,973,118 shares during the last quarter. BlackRock Inc. raised its holdings in shares of GoDaddy by 2.0% during the first quarter. BlackRock Inc. now owns 8,512,278 shares of the technology company\u2019s stock valued at $661,574,000 after buying an additional 163,174 shares during the last quarter. Morgan Stanley raised its stake in shares of GoDaddy by 517.4% during the fourth quarter. Morgan Stanley now owns 6,125,512 shares of the technology company\u2019s stock valued at $458,311,000 after buying an additional 5,133,332 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in GoDaddy by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 4,934,195 shares of the technology company\u2019s stock worth $383,486,000 after purchasing an additional 85,212 shares during the last quarter. Currently, 93.73% of the shares are owned by institutional investors and hedge funds. <\/p>\n
Insider buying and selling at GoDaddy<\/h2>\n
In related news, CEO Amanpal Singh Bhutani<\/a> sold 1,987 shares of the business\u2019s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $77.41, for a total transaction of $153,813.67. Following the sale, the chief executive officer now directly owns 278,258 shares in the company, valued at $21,539,951.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink<\/a>. In other news, CFO Mark McCaffrey<\/a> sold 812 shares of the business\u2019s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.37, for a total value of $61,200.44. Following the sale, the chief financial officer now owns 92,609 shares of the company\u2019s stock, valued at $6,979,940.33. The sale was disclosed in a legal filing with the SEC, which can be accessed the SEC website<\/a>. Also, CEO Amanpal Singh Bhutani<\/a> sold 1,987 shares of the business\u2019s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $77.41, for a total transaction of $153,813.67. Following the completion of the transaction, the chief executive officer now directly owns 278,258 shares of the company’s stock, valued at approximately $21,539,951.78. Disclosure of this sale can be found here<\/a>. Over the last quarter, insiders have sold 8,159 shares of company stock valued at $620,537. Currently, 0.54% of the shares are owned by corporate insiders. <\/p>\n (Free Report)<\/p>\n 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.<\/p>\n 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.<\/p>\n Before you consider GoDaddy, you’ll want to hear this.<\/p>\n 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.<\/p>\n Although GoDaddy currently has a “Moderate Buy” rating among analysts, the top rated analysts believe these five stocks are best buys.<\/p>\n Check out the five stocks here <\/p>\n MarketBeat just released its list of 10 cheap stocks that the market has overlooked and may be seriously undervalued. Click the link below to see which companies made the list.<\/p>\nGoDaddy Company Profile<\/h2>\n
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