GoDaddy Inc. (NYSE:GDDY - Get Free Report) CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00. Following the completion of the transaction, the chief financial officer now directly owns 115,375 shares of the company's stock, valued at $20,750,193.75. This represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

NYSE GDDY traded down $3.05 during trading hours on Thursday, hitting $177.45. 1,838,558 shares of the company were exchanged, compared to its average volume of 1,429,155. GoDaddy Inc. has a 52 week low of $119.76 and a 52 week high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock has a 50-day moving average price of $188.41 and a 200 day moving average price of $184.78. The stock has a market cap of $25.08 billion, a PE ratio of 27.51 and a beta of 1.25.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

GDDY has been the topic of a number of research analyst reports. StockNews.com cut GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. UBS Group upped their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target on the stock. Finally, B. Riley raised their price objective on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $213.20.

View Our Latest Analysis on GoDaddy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in GoDaddy during the 3rd quarter valued at about $31,000. Versant Capital Management Inc bought a new position in shares of GoDaddy during the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. grew its stake in shares of GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after buying an additional 165 shares during the last quarter. Friedenthal Financial bought a new stake in shares of GoDaddy during the 4th quarter worth approximately $49,000. Finally, OFI Invest Asset Management purchased a new position in GoDaddy during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

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GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.

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