GoDaddy (NYSE:GDDY) CFO Mark Mccaffrey Sells 2,407 Shares

GoDaddy Inc. (NYSE:GDDY) CFO Mark Mccaffrey sold 2,407 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $87.83, for a total value of $211,406.81. Following the completion of the transaction, the chief financial officer directly owned 130,409 shares of the company’s stock, valued at $11,453,822.47. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, March 4th, Mark Mccaffrey sold 17,406 shares of GoDaddy stock. The shares were sold at an average price of $88.99, for a total transaction of $1,548,959.94.

GoDaddy Stock Up 5.2%

Shares of NYSE:GDDY traded up $4.60 during midday trading on Thursday, hitting $93.26. 3,056,956 shares of the stock were exchanged, compared to its average volume of 2,737,863. The business’s fifty day simple moving average is $101.89 and its two-hundred day simple moving average is $123.42. GoDaddy Inc. has a 52-week low of $73.06 and a 52-week high of $193.55. The company has a market capitalization of $12.60 billion, a PE ratio of 14.97, a P/E/G ratio of 0.81 and a beta of 0.96. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.61 and a current ratio of 0.61.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GDDY has been the subject of several research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 target price on shares of GoDaddy in a report on Wednesday, February 25th. Citigroup dropped their price objective on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Wells Fargo & Company cut their price target on shares of GoDaddy from $145.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Evercore set a $95.00 target price on GoDaddy in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC grew its stake in shares of GoDaddy by 90.3% during the second quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock worth $589,000 after acquiring an additional 1,552 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in GoDaddy during the second quarter worth $210,000. Huntington National Bank raised its position in shares of GoDaddy by 36.9% during the 2nd quarter. Huntington National Bank now owns 497 shares of the technology company’s stock valued at $89,000 after buying an additional 134 shares during the period. NewSquare Capital LLC boosted its stake in GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after buying an additional 94 shares during the period. Finally, Milestone Asset Management LLC acquired a new position in GoDaddy during the 2nd quarter worth about $451,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy News Summary

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported a February-quarter earnings beat (EPS above consensus) and year-over-year revenue growth, reinforcing the company’s fundamentals and likely supporting buying interest.
• Neutral Sentiment: Coverage pieces continue to feature GoDaddy among growth-stock discussions, keeping the name on investors’ radars but not delivering a clear directional catalyst. 2 Top Growth Stocks to Buy, And 1 to Sell Right Away
• Negative Sentiment: Evercore ISI trimmed its price target to $95 and kept an In Line rating, which signals more muted upside from some sell-side desks and may cap near-term gains. Evercore ISI Lowers its Price Target on GoDaddy Inc. (GDDY) to $95 and Maintains an In Line Rating
• Negative Sentiment: Multiple insiders sold stock this week — including CEO Amanpal Singh Bhutani, CFO Mark McCaffrey, the CAO and a director — representing meaningful reductions in holdings (largest single sale: CEO sold 34,148 shares). Heavy insider selling can pressure sentiment and raise questions about near-term insider conviction. SEC filings and disclosures: CEO Form 4 CFO Form 4 CAO Form 4 Insider Trades Alert

About GoDaddy

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.