GoDaddy Inc. (NYSE:GDDY) CFO Sells $198,612.00 in Stock

GoDaddy Inc. (NYSE:GDDYGet Rating) CFO Mark Mccaffrey sold 2,700 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $73.56, for a total value of $198,612.00. Following the completion of the transaction, the chief financial officer now directly owns 82,250 shares in the company, valued at $6,050,310. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, July 5th, Mark Mccaffrey sold 9,776 shares of GoDaddy stock. The shares were sold at an average price of $69.86, for a total value of $682,951.36.

GoDaddy Stock Up 2.4 %

GDDY stock opened at $78.05 on Friday. GoDaddy Inc. has a 1-year low of $64.81 and a 1-year high of $88.32. The business has a fifty day moving average price of $75.82 and a 200-day moving average price of $76.90. The company has a debt-to-equity ratio of 46.37, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $12.23 billion, a P/E ratio of 37.71 and a beta of 0.93.

GoDaddy (NYSE:GDDYGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. GoDaddy had a negative return on equity of 147.44% and a net margin of 8.58%. Equities analysts forecast that GoDaddy Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reduced their target price on GoDaddy from $110.00 to $100.00 in a research note on Tuesday, May 31st. Morgan Stanley lifted their price target on GoDaddy from $91.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, August 4th. Raymond James dropped their target price on GoDaddy from $108.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Thursday, August 4th. Evercore ISI boosted their target price on GoDaddy to $91.00 in a report on Tuesday, August 9th. Finally, Barclays boosted their target price on GoDaddy from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy has an average rating of “Buy” and a consensus target price of $100.75.

Institutional Trading of GoDaddy

Hedge funds have recently bought and sold shares of the company. Ellevest Inc. increased its position in GoDaddy by 1,340.9% during the first quarter. Ellevest Inc. now owns 317 shares of the technology company’s stock valued at $27,000 after acquiring an additional 295 shares during the last quarter. Achmea Investment Management B.V. purchased a new stake in GoDaddy during the first quarter valued at $31,000. IndexIQ Advisors LLC purchased a new stake in GoDaddy during the first quarter valued at $37,000. Vigilant Capital Management LLC purchased a new stake in GoDaddy during the second quarter valued at $41,000. Finally, First Horizon Advisors Inc. increased its position in GoDaddy by 8,371.4% during the second quarter. First Horizon Advisors Inc. now owns 593 shares of the technology company’s stock valued at $41,000 after acquiring an additional 586 shares during the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

About GoDaddy

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GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.

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