CW Advisors LLC Sells 8,540 Shares of GoDaddy Inc. $GDDY

Key Points

• CW Advisors LLC reduced its stake in GoDaddy Inc. by 12.4%, owning 60,506 shares worth approximately $10.9 million after selling 8,540 shares.
• Several institutional investors, including Vanguard Group and Invesco Ltd., have recently increased their holdings in GoDaddy, reflecting a growing interest in the company.
• GoDaddy reported a quarterly EPS of $1.41, surpassing analysts' expectations, with an 8.3% year-over-year revenue increase to $1.22 billion.

CW Advisors LLC cut its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 12.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,506 shares of the technology company's stock after selling 8,540 shares during the period. CW Advisors LLC's holdings in GoDaddy were worth $10,900,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GDDY. Cornerstone Planning Group LLC increased its stake in shares of GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after purchasing an additional 79 shares during the period. Park Square Financial Group LLC bought a new position in shares of GoDaddy in the first quarter worth about $27,000. Private Trust Co. NA increased its stake in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after purchasing an additional 136 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of GoDaddy in the first quarter worth about $30,000. Finally, GW&K Investment Management LLC increased its stake in shares of GoDaddy by 307.9% in the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock worth $46,000 after purchasing an additional 194 shares during the period. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Trading Up 1.0%

NYSE:GDDY traded up $1.40 during trading hours on Wednesday, hitting $147.65. 491,215 shares of the stock were exchanged, compared to its average volume of 1,584,314. The company's 50 day moving average is $162.95 and its two-hundred day moving average is $174.12. GoDaddy Inc. has a twelve month low of $132.51 and a twelve month high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $20.44 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08.

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, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $159.46, for a total value of $956,760.00. Following the completion of the sale, the chief executive officer owned 419,015 shares in the company, valued at $66,816,131.90. This represents a 1.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Mccaffrey sold 625 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $177.08, for a total transaction of $110,675.00. Following the completion of the sale, the chief financial officer owned 73,459 shares of the company's stock, valued at approximately $13,008,119.72. This represents a 0.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,881 shares of company stock worth $5,869,390. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

GDDY has been the topic of several research reports. Citigroup lowered their price target on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. boosted their price target on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.43.

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.