Mark Mccaffrey Sells 5,500 Shares of GoDaddy Inc. (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the sale, the chief financial officer now directly owns 84,300 shares of the company’s stock, valued at $16,776,543. The trade was a 6.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 Price Performance

NYSE GDDY opened at $195.58 on Wednesday. The company has a 50-day moving average price of $193.67 and a two-hundred day moving average price of $167.80. GoDaddy Inc. has a 52 week low of $100.43 and a 52 week high of $211.11. The stock has a market cap of $27.46 billion, a price-to-earnings ratio of 15.11 and a beta of 1.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GDDY. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Benchmark increased their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup boosted their price target on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Barclays raised their price objective on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Piper Sandler boosted their target price on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $187.71.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in GoDaddy by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock valued at $31,052,000 after buying an additional 6,424 shares in the last quarter. Highland Capital Management LLC acquired a new position in shares of GoDaddy during the third quarter valued at approximately $1,132,000. Crossmark Global Holdings Inc. raised its holdings in GoDaddy by 28.0% during the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock worth $6,907,000 after purchasing an additional 9,631 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its position in GoDaddy by 39.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock worth $9,410,000 after purchasing an additional 17,021 shares during the period. Finally, American Century Companies Inc. lifted its position in GoDaddy by 374.3% in the second quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock worth $21,020,000 after purchasing an additional 118,731 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

About GoDaddy

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.