GoDaddy Inc. (NYSE:GDDY) CFO Sells $96,619.20 in Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $201.29, for a total transaction of $96,619.20. Following the completion of the sale, the chief financial officer now owns 83,254 shares in the company, valued at $16,758,197.66. This represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 shares were sold at an average price of $196.64, for a total value of $526,601.92.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $200.89 on Monday. The firm has a market capitalization of $28.20 billion, a PE 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. The company has a 50-day moving average price of $198.80 and a two-hundred day moving average price of $171.38. GoDaddy Inc. has a twelve month low of $106.32 and a twelve month high of $211.11.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.89 EPS. GoDaddy’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GDDY shares. B. Riley increased their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird lifted their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley upped their target price on GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $194.14.

Hedge Funds Weigh In On GoDaddy

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

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.