GoDaddy Inc. (NYSE:GDDY) CFO Sells $1,094,555.00 in Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the sale, the chief financial officer now owns 84,300 shares in the company, valued at $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $196.64, for a total transaction of $526,601.92.

GoDaddy Stock Down 0.7 %

Shares of GoDaddy stock traded down $1.34 on Monday, hitting $199.05. 990,662 shares of the company traded hands, compared to its average volume of 931,587. GoDaddy Inc. has a 12-month low of $100.43 and a 12-month high of $211.11. 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 market cap of $27.94 billion, a PE ratio of 15.38 and a beta of 1.15. The company has a 50-day moving average price of $193.67 and a 200 day moving average price of $167.80.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Wall Street Analyst Weigh In

GDDY has been the subject of several research reports. Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of GoDaddy in a research report on Monday, October 7th. Barclays boosted their price objective on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Jefferies Financial Group lifted their target price 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. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.71.

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

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.