Godaddy Inc. (GDDY)

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.