Insider Selling: GoDaddy Inc. (NYSE:GDDY) CFO Sells 480 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 480 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20. Following the completion of the sale, the chief financial officer now owns 83,254 shares in the company, valued at $16,758,197.66. The trade was a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 transaction 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 transaction of $526,601.92.

GoDaddy Stock Up 0.0 %

Shares of NYSE:GDDY opened at $200.89 on Friday. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15. GoDaddy Inc. has a 52 week low of $106.32 and a 52 week high of $211.11. The firm has a 50 day simple moving average of $198.80 and a 200 day simple moving average of $171.19.

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

Institutional Investors Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Place Capital Corp lifted its position 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 buying an additional 310 shares in the last quarter. Dakota Wealth Management purchased a new stake in GoDaddy in the 4th quarter worth approximately $542,000. Genesis Private Wealth LLC purchased a new stake in GoDaddy in the 4th quarter worth approximately $282,000. Simon Quick Advisors LLC purchased a new stake in GoDaddy in the 4th quarter worth approximately $257,000. Finally, Atomi Financial Group Inc. lifted its position 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 buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GDDY shares. B. Riley increased their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird increased their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. Citigroup increased their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Benchmark raised their target price on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.14.

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.