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

GoDaddy Inc. (NYSE:GDDY - Get Free Report) CFO Mark Mccaffrey sold 480 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Mark Mccaffrey sold 5,500 shares of GoDaddy stock. The stock was 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 stock was sold at an average price of $196.64, for a total value of $526,601.92.

GoDaddy Stock Performance

GDDY stock traded up $0.04 on Friday, hitting $200.89. The company's stock had a trading volume of 1,308,296 shares, compared to its average volume of 1,107,696. The stock has a market cap of $28.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.15. The firm has a 50 day moving average of $198.34 and a two-hundred day moving average of $170.58. 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 Inc. has a 1 year low of $106.32 and a 1 year high of $211.11.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company's revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. Equities analysts predict that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on GDDY shares. JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $175.00 to $224.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Robert W. Baird raised their price objective on GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Piper Sandler upped their target price on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Morgan Stanley raised their price target on GoDaddy from $189.00 to $227.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, B. Riley upped 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. Five 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $194.14.

Hedge Funds Weigh In On GoDaddy

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy in the 3rd quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in GoDaddy in the third quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in GoDaddy in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc purchased a new stake in GoDaddy in the 4th quarter valued at approximately $43,000. Finally, Huntington National Bank increased its position in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after purchasing an additional 230 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.

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