5,903 Shares in GoDaddy Inc. $GDDY Acquired by Pacific Capital Wealth Advisors Inc.

Key Points

• Pacific Capital Wealth Advisors Inc. acquired a new stake in GoDaddy Inc., purchasing 5,903 shares valued at approximately $1,054,000 during the second quarter.
• Insider trading activity saw GoDaddy's director Leah Sweet sell 650 shares for about $91,741, reducing her ownership by 5.11%.
• GoDaddy reported an 8.3% year-over-year revenue increase to $1.22 billion and beat EPS estimates, suggesting strong financial performance in the last quarter.

Pacific Capital Wealth Advisors Inc. bought a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,903 shares of the technology company's stock, valued at approximately $1,054,000.

Several other hedge funds have also made changes to their positions in the business. City Holding Co. increased its holdings in GoDaddy by 30.0% in the first quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after buying an additional 60 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock valued at $1,199,000 after purchasing an additional 64 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of GoDaddy by 0.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock valued at $1,435,000 after acquiring an additional 67 shares in the last quarter. Allworth Financial LP lifted its holdings in GoDaddy by 4.9% in the 1st quarter. Allworth Financial LP now owns 1,575 shares of the technology company's stock worth $284,000 after buying an additional 73 shares in the last quarter. Finally, Invst LLC increased its position in shares of GoDaddy by 1.0% in the 4th quarter. Invst LLC now owns 7,521 shares of the technology company's stock worth $1,484,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Price Performance

GDDY stock traded down $1.43 during mid-day trading on Friday, hitting $144.93. The stock had a trading volume of 3,507,130 shares, compared to its average volume of 1,405,050. The firm has a market capitalization of $20.07 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.58 and a beta of 1.02. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The firm has a fifty day simple moving average of $152.05 and a 200 day simple moving average of $169.36. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week high of $216.00.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on GDDY shares. Royal Bank Of Canada decreased their target price on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wells Fargo & Company decreased their price target on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Raymond James Financial decreased their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.43.

Insider Buying and Selling at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the 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 directly owned 70,133 shares of the company's stock, valued at approximately $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,828 shares of company stock worth $5,394,638 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

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.