GoDaddy (NYSE:GDDY) Director Brian Sharples Sells 500 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total value of $68,285.00. Following the transaction, the director directly owned 20,457 shares of the company’s stock, valued at $2,793,812.49. This represents a 2.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brian Sharples also recently made the following trade(s):

• On Tuesday, September 2nd, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $146.26, for a total value of $73,130.00.
• On Friday, August 1st, Brian Sharples sold 500 shares of GoDaddy stock. The stock was sold at an average price of $160.47, for a total value of $80,235.00.

GoDaddy Price Performance

NYSE GDDY opened at $134.92 on Friday. GoDaddy Inc. has a twelve month low of $131.29 and a twelve month high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $18.68 billion, a PE ratio of 24.09, a P/E/G ratio of 1.45 and a beta of 0.98. The stock has a 50-day simple moving average of $146.38 and a 200 day simple moving average of $166.93.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GDDY. Cornerstone Planning Group LLC boosted its position in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of GoDaddy in the 2nd quarter worth $26,000. Park Square Financial Group LLC bought a new position in shares of GoDaddy in the 1st quarter worth $27,000. NewSquare Capital LLC boosted its position in shares of GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several recent research reports. Royal Bank Of Canada cut their price target on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Citigroup dropped their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research report on Saturday, September 27th. Raymond James Financial decreased their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 8th. Finally, UBS Group decreased their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.79.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.