Why GoDaddy (GDDY) is a Top Momentum Stock for the Long-Term
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Tech firm Hostinger - European rival to GoDaddy - breaks into profit
Lithuanian webhosting firm Hostinger, which bills itself as a European rival to U.S. market leader GoDaddy , said on Thursday it had reached profitability for the first time, as European tech startups try and catch up with bigger U.S peers.
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GoDaddy: Room For Further Re-Rating?
GoDaddy is expanding its e-commerce and digitization platform with the help of AI, which is driving growth and increasing margins. Aero the AI tools rollout in the March Investor Day drove a valuation re-rating that needs to be followed with financial results. Market expects an uptick in growth with 20% free cash flow gains.
GoDaddy 2023 Sustainability Report: About GoDaddy | Corporate Governance
NORTHAMPTON, MA / ACCESSWIRE / May 20, 2024 / GoDaddyOriginally published in GoDaddy's 2023 Sustainability ReportCorporate GovernanceWe're committed to generating value and earning trust.Delivering on our mission requires a strong foundation of effective management, oversight, and accountability. We maintain governance policies and practices designed to support long-term value creation, help us earn our stakeholders' trust, and enable us to remain competitive in our dynamic operating environment.Our Board of DirectorsOur Board of Directors provides oversight of the long-term strategic, financial, and organizational company goals. The Board has three standing committees: the Audit and Finance Committee, the Nominating and Governance Committee, and the Compensation and Human Capital Committee. Each committee operates under a written charter outlining the committee's purpose, responsibilities, and procedures. Additionally, the Board and each committee operate in accordance with GoDaddy's Corporate Governance Guidelines. The Corporate Governance Guidelines reflect the Board's commitment to a system of governance that enhances corporate responsibility and accountability and assist the Board in implementing effective corporate governance practices. Each year, the Board reviews the guidelines, with the company's other governing documents and related policies, to assess their effectiveness as part of an annual governance review.The Board and each of its committees also undertake an annual self-assessment process to evaluate the effectiveness of the Board and its committees. In addition, the Board and each committee conduct an annual evaluation to consider their effectiveness, composition, and mix of director skills, experience, and expertise in light of the company's strategy and performance. The results of the annual governance review and these annual evaluations are discussed and evaluated to determine whether changes may be appropriate in any given year.The Board delegated key oversight responsibilities to each of the Audit and Finance Committee, the Nominating and Governance Committee, and the Compensation and Human Capital Committee, all of which report back to the Board regularly on topics reviewed during their respective meetings.For more information on the responsibilities of our Board and committees, please review our Corporate Governance Guidelines, committee charters, and Proxy Statement on our Governance page.Risk ManagementOur Board of Directors is responsible for overseeing GoDaddy's enterprise-wide risk assessment and management; the formation of our long-term strategic, financial, and organizational goals; and the plans designed to achieve such goals. The Board and/or one of its committees also oversees strategic, legal, regulatory, financial, management, and operational risks. Our enterprise risk management program is intended to identify internal and external factors that could prevent the company from achieving our strategic and operational objectives and assist management in monitoring and mitigating specified risks to a reasonable level.Sustainability GovernanceAt GoDaddy, we recognize that operating a successful global company and building long-term value for our stakeholders is inherently tied to our corporate sustainability approach, commitments, and goals. We aim to embed sustainability in business strategy and operations; enable responsible growth; build upon our positive impacts; and effectively support our customers, employees, communities, and other stakeholders.Our commitment to sustainability begins at the top, with formal oversight of sustainability matters embedded in the governance structures of our Board of Directors and committees. We have designed our approach for managing sustainability matters with a focus on transparency and oversight, which helps us continue to review and incorporate sustainability matters into our strategy and operations.GoDaddy Sustainability Governance StructureBOARD - AND COMMITTEE - LEVEL OVERSIGHTThe Nominating and Governance Committee oversees GoDaddy's sustainability strategies, practices, and programs. The Nominating and Governance Committee also reviews GoDaddy's public disclosures on such matters, including disclosures in our Proxy Statement and annual Sustainability Report. The Nominating and Governance Committee regularly reports to the Board on these topics.The Compensation and Human Capital Committee assists the Board in its oversight of human capital management, including diversity matters and our assessment of pay parity across our employees.The Compensation and Human Capital Committee reports regularly to the Board on these topics.EXECUTIVE AND MANAGEMENT - LEVEL OVERSIGHTManagement oversees the progress of corporate sustainability programs and practices as they relate to key areas of our business.Our senior legal leadership reports regularly to the Board and the Nominating and Governance Committee on GoDaddy's sustainability programs and practices, including progress on goals such as our emissions reductions.Members of our Sustainability Working Group (as described to the right) report directly to members of GoDaddy's management, sharing ongoing updates on relevant sustainability topics, as needed. Members of management elevate sustainability-related topics to their executive team leaders where relevant.SUSTAINABILITY WORKING GROUPOur Sustainability Working Group is composed of leaders across the company.The Sustainability Working Group is responsible for driving progress across our priority topics, supporting sustainability disclosures, and sharing relevant matters to inform and guide the business. The Sustainability Working Group is comprised of leaders representing GoDaddy's priority topics across the company and is chaired by the Corporate Sustainability and Environmental, Social, and Governance (ESG) Team. It also supports our ongoing commitment to sustainable practices and transparent disclosures.To learn more, read our 2023 Sustainability Report.###About this ReportThe GoDaddy 2023 Sustainability Report details our progress toward our corporate sustainability goals, strategies, and initiatives in support of our overarching corporate mission and values. Unless otherwise noted, this report reflects our corporate sustainability performance across our global operations covering the fiscal year period from January 1 to December 31, 2023. To demonstrate our commitment to transparent communication regarding our sustainability progress, we routinely share updates through our website and our annual Sustainability Report. We welcome your questions, comments, and feedback on this report by contacting [email protected] report references the Global Reporting Initiative (GRI) Standards and includes select Sustainability Accounting Standards Board (SASB) metrics for the Internet Media and Services sector. We also disclose our contributions and progress toward priority UN SDGs. For additional information on how we align with these frameworks and key indicators demonstrating our sustainability performance, please review the Frameworks and Metrics section.View additional multimedia and more ESG storytelling from GoDaddy on 3blmedia.com.Contact Info:Spokesperson: GoDaddyWebsite: Click Here [email protected]: GoDaddy
GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Quadrant Capital Group LLC
Quadrant Capital Group LLC increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY – Free Report) by 158.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,156 shares of the technology company’s stock after acquiring an additional 1,323 shares during the quarter. Quadrant Capital Group LLC’s holdings in GoDaddy were worth $229,000 at the end of the most recent reporting period. Other large investors also recently bought and sold shares of the company. Inceptionr LLC acquired a new position in GoDaddy during the fourth quarter worth $471,000. Janney Montgomery Scott LLC boosted its position in shares of GoDaddy by 55.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,398 shares of the technology company’s stock valued at $2,272,000 after acquiring an additional 7,646 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of GoDaddy by 177.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,413 shares of the technology company’s stock valued at $1,636,000 after acquiring an additional 9,862 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of GoDaddy in the fourth quarter valued at about $237,000. Finally, Jump Financial LLC acquired a new stake in GoDaddy during the fourth quarter worth about $292,000. Hedge funds and other institutional investors own 90.28% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of GoDaddy from $132.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. UBS Group upped their price objective on GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada raised their target price on GoDaddy from $124.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. StockNews.com raised GoDaddy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, Evercore ISI increased their price target on GoDaddy from $110.00 to $135.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.73. Read Our Latest Stock Analysis on GDDY GoDaddy Stock Up 0.5 % Shares of GDDY opened at $135.70 on Monday. The company’s 50-day simple moving average is $124.09 and its 200-day simple moving average is $111.06. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55. GoDaddy Inc. has a 1 year low of $69.18 and a 1 year high of $136.90. The stock has a market capitalization of $19.33 billion, a PE ratio of 11.27 and a beta of 1.09. Insider Buying and Selling In related news, CAO Nick Daddario sold 1,823 shares of GoDaddy stock in a transaction on Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $201,514.42. Following the completion of the transaction, the chief accounting officer now directly owns 25,263 shares in the company, valued at $2,792,572.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Nick Daddario sold 1,823 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $110.54, for a total transaction of $201,514.42. Following the sale, the chief accounting officer now directly owns 25,263 shares in the company, valued at $2,792,572.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 8,687 shares of GoDaddy stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $991,273.57. Following the completion of the transaction, the chief executive officer now owns 454,031 shares of the company’s stock, valued at approximately $51,809,477.41. The disclosure for this sale can be found here. Insiders have sold a total of 129,292 shares of company stock valued at $14,567,860 in the last ninety days. Company insiders own 0.54% of the company’s stock. GoDaddy Company Profile (Free Report) 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.
