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

GoDaddy Inc. (NYSE:GDDY - Get Free Report) CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $989,175.00. Following the transaction, the chief financial officer now owns 115,375 shares of the company's stock, valued at approximately $20,750,193.75. This trade represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 6th, Mark Mccaffrey sold 480 shares of GoDaddy stock. The shares were sold at an average price of $201.29, for a total value of $96,619.20.

GoDaddy Price Performance

Shares of GDDY stock traded up $1.41 during midday trading on Tuesday, reaching $163.89. 548,015 shares of the company were exchanged, compared to its average volume of 1,438,171. The company's 50 day moving average price is $186.12 and its two-hundred day moving average price is $185.27. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The company has a market cap of $23.17 billion, a P/E ratio of 25.32 and a beta of 1.19. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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Institutional Investors Weigh In On GoDaddy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of GoDaddy by 22.4% in the first quarter. Parallel Advisors LLC now owns 2,980 shares of the technology company's stock worth $537,000 after purchasing an additional 545 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of GoDaddy by 18,248.7% during the 1st quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock valued at $92,516,000 after acquiring an additional 510,780 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of GoDaddy by 16.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 862 shares of the technology company's stock worth $155,000 after acquiring an additional 120 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of GoDaddy by 6.0% during the fourth quarter. California State Teachers Retirement System now owns 233,188 shares of the technology company's stock worth $46,024,000 after acquiring an additional 13,206 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in GoDaddy by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,184 shares of the technology company's stock valued at $1,023,000 after purchasing an additional 240 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley raised their price objective on GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target for the company. Raymond James increased their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group decreased their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a research note on Monday. Finally, StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.20.

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.