GoDaddy (NYSE:GDDY) CFO Sells $211,406.81 in Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 2,407 shares of GoDaddy stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $87.83, for a total value of $211,406.81. Following the completion of the sale, the chief financial officer owned 130,409 shares of the company’s stock, valued at approximately $11,453,822.47. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 4th, Mark Mccaffrey sold 17,406 shares of GoDaddy stock. The shares were sold at an average price of $88.99, for a total transaction of $1,548,959.94.

GoDaddy Price Performance

Shares of GDDY stock traded up $4.60 on Thursday, reaching $93.26. The company had a trading volume of 3,056,956 shares, compared to its average volume of 2,737,863. The business’s 50-day moving average is $101.89 and its 200 day moving average is $123.42. GoDaddy Inc. has a one year low of $73.06 and a one year high of $193.55. The stock has a market capitalization of $12.60 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 17.50.

GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.22. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. GoDaddy’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. Equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several analyst reports. UBS Group lowered their price objective on GoDaddy from $145.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Cantor Fitzgerald reduced their price objective on GoDaddy from $130.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Evercore set a $95.00 price objective on GoDaddy in a research report on Wednesday, February 25th. Jefferies Financial Group dropped their target price on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $131.93.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of GoDaddy by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company’s stock valued at $2,587,754,000 after acquiring an additional 150,045 shares during the period. Geode Capital Management LLC boosted its stake in shares of GoDaddy by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after acquiring an additional 81,623 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of GoDaddy by 1.8% during the third quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock worth $529,395,000 after purchasing an additional 66,144 shares during the last quarter. Ameriprise Financial Inc. raised its stake in GoDaddy by 47.0% during the third quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock worth $483,360,000 after purchasing an additional 1,128,646 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in GoDaddy by 11.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,216,382 shares of the technology company’s stock worth $399,089,000 after buying an additional 319,515 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported a February-quarter earnings beat (EPS above consensus) and year-over-year revenue growth, reinforcing the company’s fundamentals and likely supporting buying interest.
• Neutral Sentiment: Coverage pieces continue to feature GoDaddy among growth-stock discussions, keeping the name on investors’ radars but not delivering a clear directional catalyst. 2 Top Growth Stocks to Buy, And 1 to Sell Right Away
• Negative Sentiment: Evercore ISI trimmed its price target to $95 and kept an In Line rating, which signals more muted upside from some sell-side desks and may cap near-term gains. Evercore ISI Lowers its Price Target on GoDaddy Inc. (GDDY) to $95 and Maintains an In Line Rating
• Negative Sentiment: Multiple insiders sold stock this week — including CEO Amanpal Singh Bhutani, CFO Mark McCaffrey, the CAO and a director — representing meaningful reductions in holdings (largest single sale: CEO sold 34,148 shares). Heavy insider selling can pressure sentiment and raise questions about near-term insider conviction. SEC filings and disclosures: CEO Form 4 CFO Form 4 CAO Form 4 Insider Trades Alert

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.