Mn Services Vermogensbeheer BV reduces stake in GoDaddy Inc. (NYSE:GDDY)

VaselineAugust 28, 2024

0 4 minutes read

Mn Services Vermogensbeheer BV reduced its position in GoDaddy Inc. (NYSE:GDDY – Free Report) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,600 shares of the technology company’s stock after selling 1,500 shares during the quarter. Mn Services Vermogensbeheer BV’s holdings in GoDaddy were worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDDY. V Square Quantitative Management LLC purchased a new position in GoDaddy in the 4th quarter valued at about $28,000. Transcendent Capital Group LLC bought a new position in shares of GoDaddy in the second quarter worth $28,000. GAMMA Investing LLC boosted its position in shares of GoDaddy by 102.3% in the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 133 shares during the last quarter. ORG Partners LLC purchased a new position in GoDaddy in the second quarter valued at $32,000. Finally, Frazier Financial Advisors LLC bought a new stake in GoDaddy in the 4th quarter valued at $33,000. 90.28% of the shares are held by hedge funds and other institutional investors.

GoDaddy Price Performance

Shares of GDDY stock opened at $162.45 on Monday. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55, and a current ratio of 0.55. The company has a 50-day moving average price of $147.76 and a 200-day moving average price of $132.68. GoDaddy Inc. it has a fifty-two week low of $70.03 and a fifty-two week high of $165.89. The stock has a market cap of $23.18 billion, a PE ratio of 13.49 and a beta of 1.14.

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GoDaddy (NYSE:GDDY – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. GoDaddy had a negative return on equity of 363.95% and a net margin of 41.12%. The company’s quarterly revenue was up 7.3% year over year. During the same period last year, the firm earned $0.63 EPS. Stock analysts predict that GoDaddy Inc. will post 4.81 earnings per share for the current fiscal year.

Insider buying and selling

In other GoDaddy news, Director Sigal Zarmi sold 400 shares of GoDaddy stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the transaction, the director now owns 4,661 shares in the company, valued at $734,620.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, CEO Amanpal Singh Bhutani sold 7,600 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $138.92, for a total transaction of $1,055,792.00. Following the transaction, the chief executive officer now directly owns 369,898 shares of the company’s stock, valued at $51,386,230.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Also, Director Sigal Zarmi sold 400 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the sale, the director now directly owns 4,661 shares of the company’s stock, valued at approximately $734,620.21. The disclosure for this sale can be found here. Insiders have sold 49,413 shares of company stock worth $6,931,096 over the last three months. 0.61% of shares are held by insiders.

Analyst upgrades and downgrades

GDDY has been the subject of a number of analyst research reports. Evercore ISI boosted their price objective on GoDaddy from $110.00 to $135.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Robert W. Baird boosted their price objective on GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Barclays boosted their price target on GoDaddy from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Piper Sandler boosted their target price on shares of GoDaddy from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $161.25, based on data from MarketBeat.

Check out our latest review on GDDY

GoDaddy Company Profile

(Free report)

GoDaddy Inc is engaged 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 offers application products, including Websites + Marketing, a mobile-optimized online tool that enables customers to create e-commerce-enabled websites and online stores; and Managed WordPress, a simplified and optimized website builder that allows customers to easily build and manage a WordPress site faster; Managed WooCommerce stores to sell anything, anywhere online; and marketing tools and services such as the GoDaddy Studio mobile app, 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 .