GoDaddy (NYSE:GDDY) CFO Mark Mccaffrey Sells 3,317 Shares

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $424,376.98. Following the transaction, the chief financial officer owned 66,816 shares in the company, valued at approximately $8,548,439.04. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

GoDaddy Price Performance

GDDY opened at $130.11 on Thursday. The stock has a fifty day moving average of $131.32 and a 200-day moving average of $152.21. The firm has a market capitalization of $17.58 billion, a P/E ratio of 22.47, a PEG ratio of 1.42 and a beta of 0.95. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06. GoDaddy Inc. has a 12-month low of $121.94 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business earned $1.32 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GDDY. Wells Fargo & Company lowered their target price on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $150.00 target price on shares of GoDaddy in a research report on Friday, October 31st. Morgan Stanley set a $159.00 price objective on GoDaddy in a research report on Friday, October 31st. Benchmark dropped their target price on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Barclays reduced their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.14.

Hedge Funds Weigh In On GoDaddy

A number of large investors have recently made changes to their positions in the company. Hemington Wealth Management lifted its position in shares of GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after acquiring an additional 85 shares during the period. Bayforest Capital Ltd acquired a new position in GoDaddy in the second quarter valued at about $26,000. NewSquare Capital LLC lifted its holdings in shares of GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after acquiring an additional 94 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of GoDaddy in the 1st quarter valued at $30,000. Finally, Root Financial Partners LLC acquired a new position in GoDaddy during the third quarter worth about $31,000. Institutional investors 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.