GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey Sells 5,500 Shares

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 5,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the transaction, the chief financial officer now owns 84,300 shares of the company’s stock, valued at approximately $16,776,543. This trade represents a 6.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $526,601.92.

GoDaddy Trading Down 1.9 %

GoDaddy stock opened at $195.58 on Wednesday. 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 Inc. has a 12 month low of $100.43 and a 12 month high of $211.11. The company’s fifty day simple moving average is $193.67 and its 200-day simple moving average is $167.80. The stock has a market cap of $27.46 billion, a P/E ratio of 15.11 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds have recently added to or reduced their stakes in the company. Fiera Capital Corp lifted its stake in GoDaddy by 1.6% in the second quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after acquiring an additional 13,206 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of GoDaddy by 18.1% in the 2nd quarter. TD Asset Management Inc now owns 232,709 shares of the technology company’s stock valued at $32,512,000 after purchasing an additional 35,742 shares during the last quarter. Arizona State Retirement System boosted its holdings in GoDaddy by 1.0% in the second quarter. Arizona State Retirement System now owns 37,181 shares of the technology company’s stock worth $5,195,000 after purchasing an additional 384 shares in the last quarter. Candriam S.C.A. increased its position in GoDaddy by 25.0% during the second quarter. Candriam S.C.A. now owns 15,617 shares of the technology company’s stock worth $2,182,000 after buying an additional 3,121 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in GoDaddy by 1.1% during the second quarter. Savant Capital LLC now owns 34,688 shares of the technology company’s stock valued at $4,846,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GDDY shares. Barclays increased their price objective on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Benchmark increased their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Piper Sandler raised their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Five 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. Based on data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus target price of $187.71.

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.