12,914 GoDaddy Inc. $GDDY Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 962.3% in the third quarter, HoldingsChannel reports. The fund owned 14,256 shares of the technology company’s stock after buying an additional 12,914 shares during the quarter. Fulcrum Asset Management LLP’s holdings in GoDaddy were worth $1,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of GoDaddy by 11.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,676 shares of the technology company’s stock valued at $841,000 after purchasing an additional 906 shares during the last quarter. Brighton Jones LLC boosted its holdings in GoDaddy by 68.8% in the third quarter. Brighton Jones LLC now owns 23,260 shares of the technology company’s stock worth $2,222,000 after purchasing an additional 9,481 shares in the last quarter. Ethic Inc. increased its position in GoDaddy by 11.4% during the third quarter. Ethic Inc. now owns 38,279 shares of the technology company’s stock worth $3,656,000 after buying an additional 3,915 shares during the last quarter. Parallel Advisors LLC increased its position in GoDaddy by 67.7% during the third quarter. Parallel Advisors LLC now owns 2,549 shares of the technology company’s stock worth $244,000 after buying an additional 1,029 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in GoDaddy by 93.9% during the third quarter. Alps Advisors Inc. now owns 11,510 shares of the technology company’s stock valued at $1,099,000 after buying an additional 5,575 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leah Sweet sold 645 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $116.67, for a total value of $75,252.15. Following the completion of the sale, the director owned 13,044 shares in the company, valued at $1,521,843.48. This represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sigal Zarmi sold 350 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.44, for a total value of $34,104.00. Following the sale, the director directly owned 8,283 shares in the company, valued at approximately $807,095.52. This represents a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,742 shares of company stock valued at $3,055,425 over the last three months. 0.93% of the stock is owned by insiders.

GoDaddy Trading Up 0.5%

Shares of GDDY opened at $113.72 on Thursday. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 15.56 and a beta of 0.94. The stock has a fifty day moving average price of $104.16 and a two-hundred day moving average price of $92.52. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $133.34.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.18. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. GoDaddy had a return on equity of 1,200.87% and a net margin of 18.56%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 earnings per share. Analysts predict that GoDaddy Inc. will post 7.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald upped their target price on GoDaddy from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, October 19th. Piper Sandler reissued a “neutral” rating and issued a $95.00 price target (up from $93.00) on shares of GoDaddy in a research report on Friday, July 31st. Weiss Ratings upgraded shares of GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada downgraded GoDaddy from an “outperform” rating to a “sector perform” rating and set a $95.00 target price for the company. in a research note on Sunday, October 11th. Finally, Deutsche Bank cut shares of GoDaddy to a “buy” rating in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, GoDaddy presently has a consensus rating of “Hold” and a consensus price target of $113.62.

GoDaddy Company Profile

GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.