GoDaddy Inc. (NYSE: GDDY – Get Rating) Chief Financial Officer Mark Mccaffrey sold 915 shares of the company in a trade that took place on Tuesday, October 4. The stock was sold at an average price of $74.51, for a total transaction of $68,176.65. Following the sale, the CFO now directly owns 81,335 shares of the company, valued at $6,060,270.85. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink.
Mark Mccaffrey also recently made the following trade(s):
- On Wednesday, September 7, Mark Mccaffrey sold 2,700 GoDaddy shares. The stock was sold at an average price of $73.56, for a total transaction of $198,612.00.
GoDaddy Price Performance
GoDaddy shares rose $0.04 during Thursday’s trading, hitting $77.27. 706,133 shares of the company were traded, with an average volume of 1,383,992. GoDaddy Inc. has a 1-year low of $64.81 and a 1-year high of $88.32. The company has a 50-day moving average price of $76.44 and a 200-day moving average price of $76.10. The company has a market capitalization of $12.11 billion, a PE ratio of 37.33, a P/E/G ratio of 2.30 and a beta of 0.93.
GoDaddy (NYSE:GDDY – Get Rating) last released its results on Wednesday, August 3. The technology company reported earnings per share (EPS) of $0.56 for the quarter, beating consensus analyst estimates of $0.47 by $0.09. GoDaddy had a net margin of 8.58% and a negative return on equity of 147.44%. The company posted revenue of $1.02 billion for the quarter, versus a consensus estimate of $1.02 billion. Equity research analysts expect GoDaddy Inc. to post earnings per share of 2.2 for the current year.
Changes to analyst ratings
GDDY has been the subject of a number of recent analyst reports. Barclays raised its price target on GoDaddy shares from $104.00 to $107.00 and gave the stock an “overweight” rating in a Thursday, August 4 research report. Evercore ISI raised its price target on GoDaddy shares to $91.00 in a Tuesday, August 9 research report. Morgan Stanley raised its price target on GoDaddy shares from $91.00 to $93.00 and gave the stock an “equal weight” rating in a Thursday, Aug. 4 research report. Finally, Raymond James dropped his price target on GoDaddy shares from $108.00 to $100.00 and set a “Strong Buy” rating on the stock in a Thursday, August 4 research report . One research analyst gave the stock a hold rating, five gave the stock a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat, GoDaddy currently has a consensus rating of “Buy” and a consensus price target of $100.75.
GoDaddy Institutional Trading
A number of hedge funds and other institutional investors have recently bought and sold shares of GDDY. Starboard Value LP purchased a new stake in GoDaddy during Q4 worth $576,318,000. Wellington Management Group LLP increased its stake in GoDaddy by 28.5% during Q1. Wellington Management Group LLP now owns 13,754,555 shares of the technology company valued at $1,151,257,000 after buying an additional 3,052,975 shares last quarter. JPMorgan Chase & Co. increased its stake in GoDaddy by 1,429.5% during Q1. JPMorgan Chase & Co. now owns 1,291,216 shares of the technology company valued at $108,074,000 after buying an additional 1,206,794 shares last quarter. Goldman Sachs Group Inc. increased its stake in GoDaddy by 108.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,396,699 shares of the technology company valued at $116,903,000 after buying an additional 727,582 shares last quarter. Finally, Freshford Capital Management LLC purchased a new stake in GoDaddy during Q1 for $37,165,000. Institutional investors hold 96.50% of the company’s shares.
GoDaddy Company Profile
(Get a rating)
GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The Company provides a domain name registration product that engages customers in the initial stage of establishing a digital identity. It also offers shared website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer and WordPress certificates; Hosting websites on virtual private servers and dedicated virtual server products, which allow customers to select the right server configuration for their applications, needs and growth; managed hosting products to configure, monitor, maintain, secure and patch software and servers for customers; and security products, a suite of tools designed to help secure customers’ online presence.
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