GoDaddy Inc. (NYSE:GDDY – Get Free Report) CFO Mark Mccaffrey sold 3,958 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total value of $355,665.88. Following the completion of the sale, the chief financial officer owned 109,228 shares of the company’s stock, valued at $9,815,228.08. The trade was a 3.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Mark Mccaffrey also recently made the following trade(s):
- 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 Trading Up 1.1%
GDDY stock traded up $0.89 during midday trading on Thursday, hitting $84.87. The company had a trading volume of 3,525,584 shares, compared to its average volume of 2,325,239. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy Inc. has a 52 week low of $73.06 and a 52 week high of $183.34. The stock’s 50 day moving average price is $85.54 and its 200 day moving average price is $100.02. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.80 and a beta of 0.90.
Institutional Trading of GoDaddy
A number of large investors have recently added to or reduced their stakes in GDDY. Sivia Capital Partners LLC increased its stake in GoDaddy by 90.3% in the 2nd 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. Cerity Partners LLC increased its stake in GoDaddy by 50.0% in the 2nd quarter. Cerity Partners LLC now owns 27,189 shares of the technology company’s stock worth $4,896,000 after acquiring an additional 9,062 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in GoDaddy by 83.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 155,593 shares of the technology company’s stock worth $28,016,000 after acquiring an additional 70,585 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in GoDaddy in the 2nd quarter worth approximately $152,000. Finally, Main Street Financial Solutions LLC increased its stake in GoDaddy by 1.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock worth $2,185,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on GDDY. Piper Sandler initiated coverage on GoDaddy in a research note on Thursday, March 12th. They issued a “neutral” rating and a $93.00 target price on the stock. Benchmark dropped their price objective on GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Cantor Fitzgerald dropped their price objective on GoDaddy from $130.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Evercore set a $95.00 price objective on GoDaddy in a research report on Wednesday, February 25th. Finally, Barclays dropped their price objective on GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.57.
Read Our Latest Analysis on GoDaddy
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.
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