GC Wealth Management RIA LLC Grows Position in GoDaddy Inc. $GDDY

GC Wealth Management RIA LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 42.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,784 shares of the technology company’s stock after buying an additional 531 shares during the period. GC Wealth Management RIA LLC’s holdings in GoDaddy were worth $321,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in shares of GoDaddy by 11.8% during the second quarter. V Square Quantitative Management LLC now owns 1,886 shares of the technology company’s stock worth $340,000 after buying an additional 199 shares during the period. Hengehold Capital Management LLC increased its stake in shares of GoDaddy by 6.5% during the second quarter. Hengehold Capital Management LLC now owns 3,498 shares of the technology company’s stock worth $630,000 after buying an additional 212 shares during the period. Western Financial Corp CA boosted its holdings in GoDaddy by 2.6% in the second quarter. Western Financial Corp CA now owns 6,382 shares of the technology company’s stock valued at $1,149,000 after purchasing an additional 163 shares in the last quarter. CX Institutional boosted its holdings in GoDaddy by 13.1% in the second quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after purchasing an additional 67 shares in the last quarter. Finally, Steph & Co. acquired a new position in GoDaddy in the second quarter valued at approximately $55,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price target on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. UBS Group lowered their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup lowered their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. Barclays lowered their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.79.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $988,359.50. Following the transaction, the chief executive officer owned 412,065 shares in the company, valued at approximately $58,599,763.65. This trade represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,703 shares of company stock worth $4,132,543 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

GoDaddy Price Performance

GDDY stock opened at $132.35 on Thursday. The company has a market capitalization of $18.32 billion, a P/E ratio of 23.63, a PEG ratio of 1.48 and a beta of 0.98. GoDaddy Inc. has a twelve month low of $131.29 and a twelve month high of $216.00. The business has a 50 day simple moving average of $147.65 and a 200-day simple moving average of $167.55. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy Company Profile

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.