GoDaddy Inc. (NYSE:GDDY – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on GoDaddy (GDDY)
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