Mark Mccaffrey Sells 5,500 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $989,175.00. Following the completion of the sale, the chief financial officer now directly owns 115,375 shares of the company’s stock, valued at $20,750,193.75. The trade was a 4.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 6th, Mark Mccaffrey sold 480 shares of GoDaddy stock. The stock was sold at an average price of $201.29, for a total value of $96,619.20.

GoDaddy Stock Performance

NYSE GDDY opened at $164.34 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 1-year low of $119.76 and a 1-year high of $216.00. The business has a 50 day simple moving average of $186.96 and a two-hundred day simple moving average of $185.04. The stock has a market capitalization of $23.23 billion, a PE ratio of 25.48 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. On average, research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC bought a new stake in GoDaddy in the third quarter worth $31,000. Versant Capital Management Inc purchased a new position in shares of GoDaddy during the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. boosted its position in shares of GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 165 shares during the period. Friedenthal Financial purchased a new stake in shares of GoDaddy in the fourth quarter worth approximately $49,000. Finally, OFI Invest Asset Management purchased a new stake in shares of GoDaddy in the fourth quarter worth approximately $52,000. Institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GDDY shares. Raymond James increased their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. B. Riley boosted their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Benchmark increased their target price on shares of GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays raised their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Piper Sandler raised their price objective on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

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.