Mark Mccaffrey Sells 480 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction on Monday, January 6th. The stock was sold at an average price of $201.29, for a total transaction of $96,619.20. Following the completion of the transaction, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. The trade was a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Mark Mccaffrey sold 5,500 shares of GoDaddy stock. The shares were sold at an average price of $199.01, for a total value 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 value of $526,601.92.

GoDaddy Trading Up 0.0 %

NYSE:GDDY opened at $200.89 on Monday. GoDaddy Inc. has a one year low of $106.32 and a one year high of $211.11. The company’s 50-day simple moving average is $198.80 and its 200 day simple moving average is $171.38. The firm has a market capitalization of $28.20 billion, a P/E ratio of 15.52 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on GDDY shares. Benchmark lifted their price target on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 price target on shares of GoDaddy in a research report on Monday, October 7th. Piper Sandler boosted their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, B. Riley upped their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $194.14.

Hedge Funds Weigh In On GoDaddy

Several institutional investors and hedge funds have recently modified their holdings of GDDY. Park Place Capital Corp boosted its stake in GoDaddy by 91.7% in the 4th quarter. Park Place Capital Corp now owns 648 shares of the technology company’s stock worth $128,000 after purchasing an additional 310 shares in the last quarter. Dakota Wealth Management bought a new position in shares of GoDaddy in the fourth quarter worth approximately $542,000. Genesis Private Wealth LLC purchased a new stake in shares of GoDaddy during the fourth quarter valued at approximately $282,000. Simon Quick Advisors LLC bought a new stake in shares of GoDaddy during the fourth quarter valued at approximately $257,000. Finally, Atomi Financial Group Inc. raised its holdings in GoDaddy by 14.7% in the 4th quarter. Atomi Financial Group Inc. now owns 2,134 shares of the technology company’s stock worth $421,000 after acquiring an additional 273 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

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.