GoDaddy Inc. (NYSE:GDDY) CFO Sells $542,514.02 in Stock

GoDaddy Inc. (NYSE:GDDYGet Free Report) CFO Mark Mccaffrey sold 4,058 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $133.69, for a total transaction of $542,514.02. Following the completion of the transaction, the chief financial officer now directly owns 112,473 shares of the company’s stock, valued at approximately $15,036,515.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, April 2nd, Mark Mccaffrey sold 624 shares of GoDaddy stock. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92.
  • On Thursday, March 7th, Mark Mccaffrey sold 4,000 shares of GoDaddy stock. The shares were sold at an average price of $110.92, for a total value of $443,680.00.
  • On Monday, March 4th, Mark Mccaffrey sold 28,392 shares of GoDaddy stock. The stock was sold at an average price of $110.54, for a total value of $3,138,451.68.

GoDaddy Stock Up 0.5 %

Shares of NYSE GDDY opened at $135.70 on Friday. The firm has a fifty day simple moving average of $123.64 and a two-hundred day simple moving average of $110.10. GoDaddy Inc. has a 12 month low of $69.18 and a 12 month high of $136.90. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15. The firm has a market capitalization of $19.33 billion, a PE ratio of 11.27 and a beta of 1.09.

GoDaddy (NYSE:GDDYGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. Equities analysts expect that GoDaddy Inc. will post 4.81 earnings per share for the current year.

Institutional Investors Weigh In On GoDaddy

A number of institutional investors have recently modified their holdings of GDDY. Fiera Capital Corp grew its stake in shares of GoDaddy by 1.3% during the 4th quarter. Fiera Capital Corp now owns 828,124 shares of the technology company’s stock valued at $87,914,000 after purchasing an additional 10,312 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of GoDaddy during the fourth quarter valued at approximately $4,204,000. SG Americas Securities LLC lifted its holdings in shares of GoDaddy by 644.6% in the fourth quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock worth $15,886,000 after buying an additional 129,547 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of GoDaddy during the fourth quarter worth $1,972,000. Finally, Horrell Capital Management Inc. lifted its stake in GoDaddy by 41.7% in the 4th quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock worth $7,219,000 after purchasing an additional 20,000 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of GoDaddy in a report on Friday, May 3rd. Evercore ISI upped their price objective on shares of GoDaddy from $110.00 to $135.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their target price on shares of GoDaddy from $124.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Morgan Stanley raised their price objective on GoDaddy from $132.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Benchmark restated a “buy” rating and set a $150.00 target price on shares of GoDaddy in a report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $142.73.

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GoDaddy Company Profile

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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.

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