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 company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $155.60, for a total value of $855,800.00. Following the completion of the transaction, the chief financial officer now owns 93,102 shares in the company, valued at approximately $14,486,671.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, September 4th, Mark Mccaffrey sold 2,684 shares of GoDaddy stock. The shares were sold at an average price of $157.23, for a total value 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 value of $906,125.00.

GoDaddy Price Performance

NYSE GDDY traded down $0.52 during trading on Thursday, reaching $154.43. The company’s stock had a trading volume of 582,034 shares, compared to its average volume of 1,522,083. The firm has a fifty day moving average of $156.06 and a 200 day moving average of $141.22. GoDaddy Inc. has a one year low of $71.15 and a one year high of $167.65. The stock has a market capitalization of $22.04 billion, a PE ratio of 12.85 and a beta of 1.13. The company has a debt-to-equity ratio of 24.13, a current ratio of 0.48 and a quick ratio of 0.48.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. B. Riley boosted their price objective on GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, July 12th. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Barclays raised their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a report on Monday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $172.00 price target (up from $160.00) on shares of GoDaddy in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.54.

Hedge Funds Weigh In On GoDaddy

A number of institutional investors have recently made changes to their positions in GDDY. Transcendent Capital Group LLC bought a new stake in shares of GoDaddy during the 2nd quarter worth $28,000. ORG Partners LLC bought a new stake in GoDaddy during the second quarter worth about $32,000. V Square Quantitative Management LLC purchased a new position in shares of GoDaddy in the 4th quarter worth about $28,000. International Assets Investment Management LLC bought a new position in shares of GoDaddy during the 2nd quarter valued at about $36,000. Finally, GAMMA Investing LLC raised its holdings in shares of GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 133 shares in the last quarter. 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.