GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey Sells 480 Shares

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 480 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now directly owns 83,254 shares of the company’s stock, valued at $16,758,197.66. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 value of $1,094,555.00.
• On Tuesday, December 3rd, Mark Mccaffrey sold 2,678 shares of GoDaddy stock. The stock was sold at an average price of $196.64, for a total value of $526,601.92.

GoDaddy Stock Performance

GoDaddy stock opened at $200.89 on Friday. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.15. GoDaddy Inc. has a 12 month low of $106.32 and a 12 month high of $211.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50-day moving average is $198.80 and its 200-day moving average is $170.99.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Equities analysts anticipate that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Hedge Funds Weigh In On GoDaddy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC raised its position in GoDaddy by 2,279.5% in the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock valued at $62,908,000 after purchasing an additional 384,386 shares during the period. Mizuho Securities USA LLC grew its stake in shares of GoDaddy by 3,227.3% in the third quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock valued at $56,709,000 after buying an additional 350,839 shares in the last quarter. FMR LLC raised its holdings in shares of GoDaddy by 19.8% during the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock valued at $260,299,000 after buying an additional 274,014 shares during the period. Dimensional Fund Advisors LP lifted its position in GoDaddy by 37.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock worth $120,305,000 after acquiring an additional 235,934 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in GoDaddy in the 2nd quarter worth approximately $30,785,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GDDY shares. Jefferies Financial Group raised their price target on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Barclays raised their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. B. Riley increased their price target on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted their price objective on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $194.14.

About GoDaddy

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.