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

GoDaddy Inc. (NYSE:GDDYGet Free Report) CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the completion of the transaction, the chief financial officer now directly owns 116,328 shares of the company’s stock, valued at $14,055,912.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, March 7th, Mark Mccaffrey sold 4,000 shares of GoDaddy stock. The stock was sold at an average price of $110.92, for a total transaction of $443,680.00.
  • On Monday, March 4th, Mark Mccaffrey sold 28,392 shares of GoDaddy stock. The stock was sold at an average price of $110.54, for a total transaction of $3,138,451.68.

GoDaddy Stock Performance

GDDY opened at $123.90 on Thursday. The firm has a market cap of $17.65 billion, a P/E ratio of 12.93 and a beta of 1.12. GoDaddy Inc. has a 1-year low of $67.43 and a 1-year high of $123.92. The company has a 50 day simple moving average of $114.09 and a two-hundred day simple moving average of $99.05. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47.

GoDaddy (NYSE:GDDYGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. Equities analysts forecast that GoDaddy Inc. will post 4.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of GoDaddy by 23.6% during the second quarter. BlackRock Inc. now owns 10,522,511 shares of the technology company’s stock worth $790,556,000 after acquiring an additional 2,010,233 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of GoDaddy by 644.6% during the fourth quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock worth $15,886,000 after acquiring an additional 129,547 shares during the last quarter. Horrell Capital Management Inc. boosted its position in shares of GoDaddy by 41.7% during the fourth quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock worth $7,219,000 after acquiring an additional 20,000 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of GoDaddy by 1.6% during the second quarter. Bleakley Financial Group LLC now owns 15,886 shares of the technology company’s stock worth $1,194,000 after acquiring an additional 250 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of GoDaddy by 3.1% during the third quarter. Rice Hall James & Associates LLC now owns 84,077 shares of the technology company’s stock worth $6,262,000 after acquiring an additional 2,538 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GDDY has been the subject of several research reports. UBS Group boosted their price objective on shares of GoDaddy from $110.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Barclays boosted their price objective on shares of GoDaddy from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Benchmark reissued a “buy” rating and set a $150.00 price objective on shares of GoDaddy in a report on Thursday, March 7th. Piper Sandler boosted their price objective on shares of GoDaddy from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, B. Riley boosted their target price on shares of GoDaddy from $124.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.18.

Check Out Our Latest Stock Analysis on GDDY

About GoDaddy

(Get 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.

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Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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