GoDaddy (NYSE:GDDY) CFO Mark Mccaffrey Sells 3,958 Shares

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $355,665.88. Following the completion of the sale, the chief financial officer owned 109,228 shares in the company, valued at $9,815,228.08. The trade was a 3.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, May 18th, Mark Mccaffrey sold 16 shares of GoDaddy stock. The shares were sold at an average price of $89.15, for a total transaction of $1,426.40.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $84.87 on Friday. The firm’s 50 day moving average is $85.64 and its two-hundred day moving average is $99.70. GoDaddy Inc. has a 52 week low of $73.06 and a 52 week high of $183.34. The firm has a market capitalization of $11.24 billion, a P/E ratio of 13.43, a PEG ratio of 0.76 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.53 by $0.07. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $1.51 earnings per share. GoDaddy’s revenue was up 6.1% compared to the same quarter last year. Analysts anticipate that GoDaddy Inc. will post 7.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on GDDY. Wells Fargo & Company raised their price objective on shares of GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Raymond James Financial reiterated a “strong-buy” rating and set a $100.00 price objective on shares of GoDaddy in a research note on Wednesday, February 25th. Barclays lowered their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Benchmark lowered their price objective on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of GoDaddy from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $120.57.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in GoDaddy in the 4th quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of GoDaddy during the 4th quarter valued at $25,000. Activest Wealth Management boosted its stake in shares of GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after buying an additional 198 shares during the period. International Assets Investment Management LLC boosted its stake in shares of GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of GoDaddy by 191.0% during the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock valued at $32,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Company Profile

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.