Amanpal Singh Bhutani, CEO of GoDaddy Inc. (NYSE:GDDY), sells 1,516 shares
GoDaddy Inc. (NYSE: GDDY – Get a rating) CEO Amanpal Singh Bhutan sold 1,516 shares of the stock in a trade on Thursday, June 2. The stock was sold at an average price of $73.76, for a total value of $111,820.16. Following completion of the transaction, the CEO now directly owns 222,535 shares of the company, valued at approximately $16,414,181.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
Amanpal Singh Bhutani also recently made the following trade(s):
- On Monday, April 4, Amanpal Singh Bhutani sold 1,987 GoDaddy shares. The shares were sold at an average price of $86.51, for a total transaction of $171,895.37.
GDDY stock traded down $0.05 in midday trading on Monday, hitting $72.68. 620,613 shares of the stock were traded, compared to its average volume of 1,745,386. GoDaddy Inc. has a 52-week low of $65.70 and a 52-week high of $90.43. The stock’s fifty-day moving average is $79.26 and its 200-day moving average is $77.65. The company has a market capitalization of $11.78 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.25 and a beta of 0.97. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt ratio of 46.37.
GoDaddy (NYSE:GDDY- Get a rating) last released its quarterly results on Wednesday, May 4. The tech company reported EPS of $0.41 for the quarter, missing the consensus estimate of $0.42 per ($0.01). GoDaddy had a net margin of 7.66% and a negative return on equity of 231.58%. The company posted revenue of $1 billion in the quarter, compared to $989.20 million expected by analysts. In the same quarter last year, the company posted EPS of $0.06. The company’s revenue increased by 11.3% compared to the same quarter last year. Equity research analysts expect GoDaddy Inc. to post earnings per share of 2.15 for the current year.
GDDY has been the subject of a number of research analyst reports. Piper Sandler moved GoDaddy shares from a ‘neutral’ rating to an ‘overweight’ rating and raised her price target for the stock from $94.00 to $110.00 in a Monday research note April 25. Zacks Investment Research downgraded GoDaddy from a “sell” rating to a “hold” rating and set a price target of $82.00 on the stock in a Friday, May 6 research note. Benchmark raised its target price on GoDaddy from $102.00 to $106.00 and gave the company a “buy” rating in a Thursday, May 5 research note. Raymond James raised his price target on GoDaddy shares from $100.00 to $107.00 and gave the stock a “Strong Buy” rating in a Friday, Feb. 11 research report. To finish, StockNews.com began covering GoDaddy shares in a research report on Thursday, March 31. They set a “buy” rating for the company. Three analysts gave the stock a hold rating, seven gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $100.64.
Several hedge funds have recently changed their holdings to GDDY. Morgan Stanley increased its position in GoDaddy shares by 73.1% in the second quarter. Morgan Stanley now owns 340,335 shares of the technology company worth $29,595,000 after buying an additional 143,697 shares last quarter. American Century Companies Inc. increased its position in GoDaddy by 26.1% in the third quarter. American Century Companies Inc. now owns 4,445 shares of the technology company worth $310,000 after acquiring 919 additional shares in the last quarter. Profund Advisors LLC increased its holdings of GoDaddy shares by 4.4% during Q3. Profund Advisors LLC now owns 35,240 shares of the technology company valued at $2,456,000 after buying 1,497 additional shares last quarter. Ensign Peak Advisors Inc increased its stake in GoDaddy shares by 114.0% in Q3. Ensign Peak Advisors Inc now owns 8,035 shares of the technology company valued at $560,000 after buying 4,280 additional shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in GoDaddy shares by 1.3% in Q3. Dimensional Fund Advisors LP now owns 577,243 shares of the technology company valued at $40,236,000 after buying an additional 7,184 shares in the last quarter. Institutional investors and hedge funds own 98.38% of the company’s shares.
GoDaddy Company Profile (Get a rating)
GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The Company provides a domain name registration product that engages customers in the initial stage of establishing a digital identity. It also offers shared website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer and WordPress certificates; Hosting websites on virtual private servers and virtual dedicated server products, which allow customers to select the right server configuration for their applications, needs and growth; managed hosting products to configure, monitor, maintain, secure and patch software and servers for customers; and security products, a suite of tools designed to help secure customers’ online presence.
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