GoDaddy Inc. (NYSE: GDDY – Rated) Chief Financial Officer Mark McCcaffrey sold 2,700 shares of the company in trading on Wednesday, Sept. 7. The stock sold for an average price of $73.56 for a total value of $198,612.00. Following the transaction, the CFO now owns 82,250 shares of the company, valued at $6,050,310. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website.
Mark McCcaffrey also recently made the following transactions:
- On Tuesday, July 5, Mark McCaffrey sold 9,776 GoDaddy shares. The stock sold at an average price of $69.86 for a total value of $682,951.36.
GoDaddy shares rose 2.4%
GoDaddy shares rose $1.82 to $78.05 in Friday trading. The company’s stock was traded at 813,051 shares, compared to its average volume of 1,426,923 shares. The company has a quick ratio of 0.63, a current ratio of 0.63, and a debt-to-equity ratio of 46.37. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 37.70, and a beta of 0.93. GoDaddy Inc. had a 1-year low of $64.81 and a 1-year high of $88.32. The company has a 50-day simple moving average of $75.68 and a 200-day simple moving average of $76.94.
GoDaddy (NYSE: GDDY – Get Rating) last reported quarterly earnings results on Wednesday, Aug. 3. The tech company reported earnings per share of $0.56 for the quarter, beating analysts’ consensus estimate of $0.47 by $0.09. GoDaddy’s ROE is 147.44% and its net profit margin is 8.58%. The company’s revenue for the quarter was $1.02 billion, compared with analysts’ expectations of $1.02 billion. As a group, stock analysts forecast GoDaddy Inc. earnings per share will reach 2.2 times this year.
Hedge Funds Weigh GoDaddy
Institutional investors have recently revised their stock holdings. Ellevest Inc. increased its stake in GoDaddy by 1,340.9% in the first quarter. Ellevest Inc. now owns 317 shares of the tech company’s stock, worth $27,000, after buying an additional 295 shares in the previous quarter. Achmea Investment Management BV bought a new position in GoDaddy stock for about $31,000 in the first quarter. IndexIQ Advisors LLC purchased a new position in GoDaddy stock worth about $37,000 in the first quarter. Steward Partners Investment Advisory LLC increased its stake in GoDaddy by 179.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 558 shares of the tech company’s stock, valued at $47,000, after buying another 358 shares last quarter. Finally, Truvestments Capital LLC purchased a new position in GoDaddy stock worth approximately $41,000 in the second quarter. Hedge funds and other institutional investors own 96.50% of the company.
Analyst Rating Changes
Several analysts have issued reports on GDDY stock. Morgan Stanley raised its price target on GoDaddy to $93.00 from $91.00 in a research note on Thursday, Aug. 4, and gave the company an “equal weight” rating. Jefferies Financial Group lowered its price target on GoDaddy to $100.00 from $110.00 in a research note on Tuesday, May 31. Barclays raised its price target on GoDaddy to $107.00 from $104.00 in a research note on Thursday, Aug. 4, and gave the company an “overweight” rating. Evercore ISI raised its price target on GoDaddy to $91.00 in a research note on Tuesday, Aug. 9. Finally, Raymond James lowered his price target on GoDaddy to $100.00 from $108.00 and gave the stock a “strong buy” rating in a research note on Thursday, Aug. 4. One equity research analyst has a hold rating on the stock, five have a buy rating and one has a strong buy rating. The stock currently has an average Buy rating and an average price target of $100.75, according to MarketBeat.
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GoDaddy Inc designs and develops cloud-based technology products in the United States and internationally. The company offers domain registration products that can attract customers in the initial stages of establishing a digital identity. It also offers shared website hosting products that offer a variety of applications and products such as web analytics, Secure Sockets Layer certificates and WordPress; website hosting on virtual private servers and virtual private server products, allowing customers to choose the right one for their application procedures, requirements, and growing server configurations; managed products, which are used to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help protect customers’ online presence.
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