Insider Selling: GoDaddy Inc. (NYSE:GDDY) CFO Sells 3,317 Shares of Stock

GoDaddy Inc. (NYSE:GDDY - Get Free Report) CFO Mark Mccaffrey sold 3,317 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total transaction of $596,429.77. Following the transaction, the chief financial officer now directly owns 74,084 shares of the company's stock, valued at $13,321,044.04. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, May 16th, Mark Mccaffrey sold 16 shares of GoDaddy stock. The stock was sold at an average price of $190.43, for a total transaction of $3,046.88.
• On Monday, May 5th, Mark Mccaffrey sold 37,500 shares of GoDaddy stock. The shares were sold at an average price of $180.95, for a total transaction of $6,785,625.00.
• On Tuesday, April 1st, Mark Mccaffrey sold 5,500 shares of GoDaddy stock. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00.

GoDaddy Trading Down 1.1%

GDDY traded down $2.02 during trading on Thursday, hitting $180.27. The company's stock had a trading volume of 2,105,154 shares, compared to its average volume of 1,480,526. GoDaddy Inc. has a twelve month low of $135.73 and a twelve month high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock's fifty day moving average price is $179.34 and its 200-day moving average price is $189.41. The firm has a market capitalization of $25.69 billion, a P/E ratio of 27.95 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly 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). The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share. Analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group dropped their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. B. Riley raised their price target on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. UBS Group lifted their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Wall Street Zen downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and an average target price of $214.86.

Institutional Investors Weigh In On GoDaddy

A number of hedge funds have recently made changes to their positions in GDDY. Vanguard Group Inc. increased its position in shares of GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company's stock valued at $3,266,697,000 after buying an additional 462,807 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in GoDaddy by 11.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company's stock worth $751,778,000 after buying an additional 395,160 shares in the last quarter. Geode Capital Management LLC lifted its position in GoDaddy by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company's stock valued at $692,245,000 after purchasing an additional 90,810 shares during the last quarter. WCM Investment Management LLC lifted its position in GoDaddy by 2.0% in the first quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company's stock valued at $620,931,000 after purchasing an additional 67,152 shares during the last quarter. Finally, Invesco Ltd. lifted its position in GoDaddy by 13.8% in the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock valued at $597,317,000 after purchasing an additional 401,918 shares during the last quarter. 90.28% of the stock is currently 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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