Insider Selling: GoDaddy Inc. (NYSE:GDDY) CFO Sells $88,427.04 in Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 624 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $141.71, for a total value of $88,427.04. Following the transaction, the chief financial officer now owns 83,734 shares of the company’s stock, valued at approximately $11,865,945.14. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 6th, Mark Mccaffrey sold 480 shares of GoDaddy stock. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20.
• On Thursday, January 2nd, Mark Mccaffrey sold 5,500 shares of GoDaddy stock. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00.
• On Tuesday, December 3rd, Mark Mccaffrey sold 2,678 shares of GoDaddy stock. The shares were sold at an average price of $196.64, for a total transaction of $526,601.92.

GoDaddy Trading Up 0.0 %

Shares of GDDY opened at $200.89 on Monday. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.15. The stock has a fifty day moving average price of $198.80 and a two-hundred day moving average price of $171.38. GoDaddy Inc. has a 52-week low of $106.32 and a 52-week high of $211.11.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Analysts predict that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Institutional Trading of GoDaddy

Several hedge funds have recently modified their holdings of the stock. Fiera Capital Corp lifted its holdings in GoDaddy by 1.6% during the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock worth $115,725,000 after buying an additional 13,206 shares in the last quarter. Choreo LLC acquired a new position in shares of GoDaddy during the second quarter valued at $205,000. American Century Companies Inc. boosted its holdings in GoDaddy by 374.3% in the second quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock valued at $21,020,000 after acquiring an additional 118,731 shares during the last quarter. Parallel Advisors LLC increased its position in GoDaddy by 12.9% in the second quarter. Parallel Advisors LLC now owns 2,236 shares of the technology company’s stock worth $312,000 after purchasing an additional 256 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in GoDaddy by 20.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 37,661 shares of the technology company’s stock worth $5,262,000 after purchasing an additional 6,313 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Benchmark upped their target price on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Robert W. Baird lifted their target price on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus target price of $194.14.

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.