Insider Selling: GoDaddy Inc. (NYSE:GDDY) CFO Sells $1,094,555.00 in Stock

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 owns 84,300 shares of the company’s stock, valued at $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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

GoDaddy stock opened at $196.91 on Thursday. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $27.64 billion, a P/E ratio of 15.22 and a beta of 1.15. GoDaddy Inc. has a 1-year low of $102.60 and a 1-year high of $211.11. The company’s 50-day moving average is $194.36 and its 200 day moving average is $168.21.

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

Analysts Set New Price Targets

GDDY has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. B. Riley boosted their price target on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird raised their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Benchmark upped 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. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.71.

Hedge Funds Weigh In On GoDaddy

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in GoDaddy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock worth $31,052,000 after acquiring an additional 6,424 shares in the last quarter. Highland Capital Management LLC bought a new position in shares of GoDaddy during the third quarter valued at approximately $1,132,000. Crossmark Global Holdings Inc. increased 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 valued at $6,907,000 after buying an additional 9,631 shares during the period. Dai ichi Life Insurance Company Ltd raised its stake 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 buying an additional 17,021 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after buying an additional 3,631 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

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.