MBB Public Markets I LLC Invests $315,000 in GoDaddy Inc. $GDDY

Key Points

• MBB Public Markets I LLC acquired 1,748 shares of GoDaddy Inc., valued at around $315,000, during the first quarter, indicating growing institutional interest in the company.
• GoDaddy reported $1.41 EPS for the last quarter, surpassing analysts' expectations of $1.34, with a revenue of $1.22 billion, reflecting an 8.3% year-over-year growth.
• Multiple research firms have downgraded their target prices for GoDaddy, with Barclays setting a new target at $200, citing overall market adjustments.

MBB Public Markets I LLC purchased a new position in GoDaddy Inc. (NYSE:GDDY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,748 shares of the technology company's stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. City Holding Co. grew its position in GoDaddy by 30.0% in the first quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after acquiring an additional 60 shares in the last quarter. Equitable Trust Co. grew its position in GoDaddy by 1.0% in the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock worth $1,199,000 after acquiring an additional 64 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in GoDaddy by 0.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock worth $1,435,000 after acquiring an additional 67 shares in the last quarter. Allworth Financial LP grew its position in GoDaddy by 4.9% in the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company's stock worth $284,000 after acquiring an additional 73 shares in the last quarter. Finally, Invst LLC grew its position in GoDaddy by 1.0% in the fourth quarter. Invst LLC now owns 7,521 shares of the technology company's stock worth $1,484,000 after acquiring an additional 74 shares in the last quarter. 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 several analyst reports. Wells Fargo & Company cut their price target on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada lowered their price objective on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Barclays decreased their price target on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Citigroup decreased their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Raymond James Financial decreased their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $202.43.

GoDaddy Price Performance

GDDY stock traded up $1.43 during mid-day trading on Monday, hitting $146.52. The company had a trading volume of 385,431 shares, compared to its average volume of 1,577,884. The company has a market capitalization of $20.29 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.57 and a beta of 1.02. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The company has a 50-day moving average price of $154.93 and a 200 day moving average price of $170.39. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

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

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $143.53, for a total value of $143,530.00. Following the completion of the transaction, the chief operating officer owned 252,949 shares of the company's stock, valued at approximately $36,305,769.97. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 406,065 shares of the company's stock, valued at approximately $60,909,750. This trade represents a 1.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,828 shares of company stock valued at $5,248,928 over the last three months. Company insiders own 0.70% of the company's stock.

GoDaddy 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.