GoDaddy (NYSE:GDDY) CFO Mark Mccaffrey Sells 3,500 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $82.92, for a total transaction of $290,220.00. Following the completion of the sale, the chief financial officer owned 105,728 shares of the company’s stock, valued at approximately $8,766,965.76. This trade represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 2nd, Mark Mccaffrey sold 3,958 shares of GoDaddy stock. The shares were sold at an average price of $89.86, for a total transaction of $355,665.88.
• On Monday, May 18th, Mark Mccaffrey sold 16 shares of GoDaddy stock. The shares were sold at an average price of $89.15, for a total transaction of $1,426.40.

GoDaddy Price Performance

Shares of GDDY opened at $80.42 on Thursday. The company has a 50 day moving average of $85.68 and a two-hundred day moving average of $98.49. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. GoDaddy Inc. has a twelve month low of $73.06 and a twelve month high of $181.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $1.51 earnings per share. As a group, analysts predict that GoDaddy Inc. will post 7.17 earnings per share for the current fiscal year.

Institutional Trading of GoDaddy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in GoDaddy during the fourth quarter valued at $25,000. Activest Wealth Management grew its position in shares of GoDaddy by 6,600.0% in the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after purchasing an additional 198 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in shares of GoDaddy by 145.6% in the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of GoDaddy by 191.0% in the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GDDY. Benchmark decreased their price target on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price target on shares of GoDaddy from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. UBS Group began coverage on shares of GoDaddy in a report on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 price target for the company. Finally, Piper Sandler began coverage on shares of GoDaddy in a report on Thursday, March 12th. They issued a “neutral” rating and a $93.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.57.

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.