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

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $155.60, for a total transaction of $855,800.00. Following the completion of the transaction, the chief financial officer now owns 93,102 shares of the company’s stock, valued at approximately $14,486,671.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, September 4th, Mark Mccaffrey sold 2,684 shares of GoDaddy stock. The stock was sold at an average price of $157.23, for a total transaction of $422,005.32.
• On Wednesday, August 28th, Mark Mccaffrey sold 5,500 shares of GoDaddy stock. The stock was sold at an average price of $164.75, for a total transaction of $906,125.00.

GoDaddy Stock Up 1.2 %

Shares of NYSE GDDY opened at $156.34 on Friday. GoDaddy Inc. has a 12-month low of $71.15 and a 12-month high of $167.65. The company has a market capitalization of $22.31 billion, a PE ratio of 12.99 and a beta of 1.12. The company has a debt-to-equity ratio of 24.13, a current ratio of 0.48 and a quick ratio of 0.48. The firm’s 50-day moving average is $156.54 and its two-hundred day moving average is $141.56.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06). GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that GoDaddy Inc. will post 5.06 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the subject of a number of research reports. Piper Sandler reissued a “neutral” rating and issued a $172.00 price target (up from $160.00) on shares of GoDaddy in a research report on Monday, September 23rd. Royal Bank of Canada upped their target price on shares of GoDaddy from $145.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, August 5th. B. Riley upped their target price on shares of GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 12th. Barclays boosted their price target on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.54.

Institutional Trading of GoDaddy

Several institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of GoDaddy during the fourth quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new position in shares of GoDaddy during the second quarter valued at approximately $28,000. GAMMA Investing LLC lifted its stake in shares of GoDaddy by 102.3% during the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 133 shares during the period. ORG Partners LLC purchased a new position in shares of GoDaddy during the second quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC purchased a new position in shares of GoDaddy during the second quarter valued at approximately $36,000. Hedge funds and other 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.