GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey Sells 624 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $141.71, for a total transaction of $88,427.04. Following the transaction, the chief financial officer now directly owns 83,734 shares in the company, valued at approximately $11,865,945.14. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mark Mccaffrey also recently made the following trade(s):

• On Monday, January 6th, Mark Mccaffrey sold 480 shares of GoDaddy stock. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20.
• On Thursday, January 2nd, Mark Mccaffrey sold 5,500 shares of GoDaddy stock. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00.
• On Tuesday, December 3rd, Mark Mccaffrey sold 2,678 shares of GoDaddy stock. The shares were sold at an average price of $196.64, for a total value of $526,601.92.

GoDaddy Stock Up 0.0 %

Shares of GoDaddy stock opened at $200.89 on Friday. The business has a 50-day moving average price of $198.80 and a 200 day moving average price of $170.99. GoDaddy Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $211.11. The firm has a market cap of $28.20 billion, a P/E ratio of 15.52 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GDDY shares. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Piper Sandler upped their target price on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus price target of $194.14.

Institutional Trading of GoDaddy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of GoDaddy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock valued at $31,052,000 after buying an additional 6,424 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of GoDaddy during the third quarter valued at approximately $1,132,000. CWA Asset Management Group LLC raised its position in shares of GoDaddy by 29.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after purchasing an additional 3,631 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of GoDaddy by 28.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock worth $6,907,000 after purchasing an additional 9,631 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd boosted its position in GoDaddy by 39.6% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock valued at $9,410,000 after purchasing an additional 17,021 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Company Profile

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.