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

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

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 value 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 value of $1,426.40.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $75.18 on Friday. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.73 and a beta of 0.90. The business has a 50-day moving average of $85.54 and a 200-day moving average of $98.13. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67. GoDaddy Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $181.49.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.07. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.GoDaddy’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 EPS. As a group, sell-side analysts predict that GoDaddy Inc. will post 7.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GoDaddy

Several institutional investors and hedge funds have recently made changes to their positions in GDDY. Sivia Capital Partners LLC grew its position in shares of GoDaddy by 90.3% in the second quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock valued at $589,000 after purchasing an additional 1,552 shares during the last quarter. Cerity Partners LLC grew its position in shares of GoDaddy by 50.0% in the second quarter. Cerity Partners LLC now owns 27,189 shares of the technology company’s stock valued at $4,896,000 after purchasing an additional 9,062 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of GoDaddy by 83.0% in the second quarter. Treasurer of the State of North Carolina now owns 155,593 shares of the technology company’s stock valued at $28,016,000 after purchasing an additional 70,585 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of GoDaddy in the second quarter valued at approximately $152,000. Finally, Main Street Financial Solutions LLC grew its position in shares of GoDaddy by 1.0% in the second quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock valued at $2,185,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GDDY shares. Barclays cut their target price on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. cut their target price on shares of GoDaddy from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Cantor Fitzgerald cut their target price on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Benchmark cut their target price on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Evercore set a $95.00 target price on shares of GoDaddy in a research note on Wednesday, February 25th. One equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.57.

GoDaddy Company Profile

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.