SWS Partners Purchases Shares of 6,688 GoDaddy Inc. $GDDY

SWS Partners purchased a new stake in GoDaddy Inc. (NYSE:GDDY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,688 shares of the technology company’s stock, valued at approximately $1,204,000.

A number of other large investors also recently bought and sold shares of the stock. GC Wealth Management RIA LLC lifted its holdings in GoDaddy by 42.4% in the second quarter. GC Wealth Management RIA LLC now owns 1,784 shares of the technology company’s stock valued at $321,000 after acquiring an additional 531 shares during the period. V Square Quantitative Management LLC lifted its holdings in GoDaddy by 11.8% in the second quarter. V Square Quantitative Management LLC now owns 1,886 shares of the technology company’s stock valued at $340,000 after acquiring an additional 199 shares during the period. Hengehold Capital Management LLC lifted its holdings in GoDaddy by 6.5% in the second quarter. Hengehold Capital Management LLC now owns 3,498 shares of the technology company’s stock valued at $630,000 after acquiring an additional 212 shares during the period. Western Financial Corp CA raised its stake in shares of GoDaddy by 2.6% during the 2nd quarter. Western Financial Corp CA now owns 6,382 shares of the technology company’s stock worth $1,149,000 after buying an additional 163 shares during the period. Finally, CX Institutional raised its stake in shares of GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after buying an additional 67 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer directly owned 406,065 shares in the company, valued at approximately $60,909,750. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,828 shares of company stock valued at $5,394,638 in the last three months. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GDDY shares. Citigroup reduced their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada reduced their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Wells Fargo & Company reduced their target price on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Barclays reduced their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Raymond James Financial reduced their target price on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $202.43.

GoDaddy Stock Up 0.1%

Shares of GDDY opened at $141.31 on Monday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.53 and a beta of 1.02. The stock has a 50 day moving average price of $149.53 and a 200 day moving average price of $168.25.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

About GoDaddy

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.