GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey Sells 625 Shares

GoDaddy Inc. (NYSE:GDDY - Get Free Report) CFO Mark Mccaffrey sold 625 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total transaction of $110,675.00. Following the completion of the sale, the chief financial officer directly owned 73,459 shares of the company's stock, valued at $13,008,119.72. The trade was a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 3rd, Mark Mccaffrey sold 3,317 shares of GoDaddy stock. The shares were sold at an average price of $179.81, for a total value of $596,429.77.
• On Friday, May 16th, Mark Mccaffrey sold 16 shares of GoDaddy stock. The shares were sold at an average price of $190.43, for a total value of $3,046.88.
• On Monday, May 5th, Mark Mccaffrey sold 37,500 shares of GoDaddy stock. The stock was sold at an average price of $180.95, for a total transaction of $6,785,625.00.

GoDaddy Stock Up 1.1%

Shares of NYSE GDDY traded up $1.94 during mid-day trading on Thursday, reaching $177.37. The company had a trading volume of 1,157,221 shares, compared to its average volume of 1,332,349. The company has a debt-to-equity ratio of 18.91, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a twelve month low of $140.11 and a twelve month high of $216.00. The stock's 50 day moving average is $181.81 and its 200-day moving average is $186.45. The stock has a market capitalization of $25.27 billion, a PE ratio of 34.11 and a beta of 1.05.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). GoDaddy had a net margin of 16.20% and a return on equity of 211.09%. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the firm earned $2.76 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on GDDY. Piper Sandler upped their price target on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $225.00 target price on shares of GoDaddy in a report on Monday, June 23rd. Benchmark reissued a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Barclays reduced their price objective on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup reduced their price target on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and an average price target of $214.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in GoDaddy in the 4th quarter worth $356,038,000. Goldman Sachs Group Inc. increased its stake in shares of GoDaddy by 257.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock worth $402,946,000 after purchasing an additional 1,610,890 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of GoDaddy by 1,412.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock worth $242,727,000 after purchasing an additional 1,258,324 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in GoDaddy by 107.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after purchasing an additional 719,000 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after buying an additional 710,842 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

GoDaddy Company Profile

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.

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