GoDaddy Inc. (NYSE:GDDY – Get Rating) CEO Amanpal Singh Bhutani sold 3,741 shares of GoDaddy stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $78.86, for a total value of $295,015.26. Following the sale, the chief executive officer now directly owns 222,907 shares in the company, valued at approximately $17,578,446.02. The sale was disclosed in a document filed with the SEC, which is available at this link.
Amanpal Singh Bhutani also recently made the following trade(s):
- On Wednesday, January 4th, Amanpal Singh Bhutani sold 1,353 shares of GoDaddy stock. The stock was sold at an average price of $74.47, for a total value of $100,757.91.
- On Friday, December 2nd, Amanpal Singh Bhutani sold 1,511 shares of GoDaddy stock. The stock was sold at an average price of $78.54, for a total value of $118,673.94.
GoDaddy Stock Performance
Shares of GDDY opened at $76.21 on Wednesday. The stock has a fifty day moving average price of $77.73 and a two-hundred day moving average price of $76.51. GoDaddy Inc. has a 52-week low of $64.65 and a 52-week high of $88.32. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.91 and a beta of 0.93.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on GDDY shares. JPMorgan Chase & Co. initiated coverage on GoDaddy in a report on Friday, November 11th. They set an “overweight” rating and a $89.00 price objective on the stock. Evercore ISI upgraded GoDaddy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $86.00 to $103.00 in a research report on Wednesday, January 18th. Jefferies Financial Group downgraded GoDaddy from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Monday, January 9th. Raymond James raised their target price on GoDaddy from $88.00 to $94.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 15th. Finally, Barclays cut their target price on GoDaddy from $104.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, February 15th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $94.89.
Institutional Investors Weigh In On GoDaddy
Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of GoDaddy by 17.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,482 shares of the technology company’s stock valued at $672,000 after buying an additional 1,434 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of GoDaddy in the 3rd quarter valued at $44,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of GoDaddy by 37.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,075 shares of the technology company’s stock valued at $4,896,000 after buying an additional 18,705 shares during the period. Freshford Capital Management LLC increased its stake in shares of GoDaddy by 27.8% in the 3rd quarter. Freshford Capital Management LLC now owns 604,744 shares of the technology company’s stock valued at $42,864,000 after buying an additional 131,684 shares during the period. Finally, Assetmark Inc. increased its stake in shares of GoDaddy by 28.4% in the 3rd quarter. Assetmark Inc. now owns 32,258 shares of the technology company’s stock valued at $2,286,000 after buying an additional 7,143 shares during the period. 97.32% of the stock is owned by institutional investors and hedge funds.
About GoDaddy
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GoDaddy, Inc engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons in January 1997 and is headquartered in Tempe, AZ.
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