Cwm LLC Buys 10,857 Shares of GoDaddy Inc. $GDDY

Key Points

• Cwm LLC increased its stake in GoDaddy Inc. by 149.7%, acquiring an additional 10,857 shares during Q2, bringing its total holdings to 18,111 shares worth approximately $3.26 million.
• GoDaddy reported a Q2 EPS of $1.41, exceeding analysts' expectations, and its revenue rose 8.3% year-over-year to $1.22 billion.
• Several analysts have adjusted their price targets for GoDaddy, with Citigroup lowering its target to $214 while maintaining a "buy" rating, reflecting a generally optimistic outlook among investment analysts.

Cwm LLC grew its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 149.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,111 shares of the technology company's stock after acquiring an additional 10,857 shares during the period. Cwm LLC's holdings in GoDaddy were worth $3,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after acquiring an additional 79 shares during the period. Park Square Financial Group LLC bought a new position in shares of GoDaddy during the 1st quarter valued at approximately $27,000. Private Trust Co. NA grew its position in shares of GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after acquiring an additional 136 shares during the period. Zions Bancorporation National Association UT bought a new position in GoDaddy in the 1st quarter worth approximately $30,000. Finally, Banque Transatlantique SA bought a new position in GoDaddy in the 1st quarter worth approximately $36,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Up 0.5%

Shares of NYSE:GDDY opened at $128.68 on Friday. The firm has a fifty day moving average price of $141.60 and a two-hundred day moving average price of $163.53. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a one year low of $127.65 and a one year high of $216.00. The company has a market cap of $17.82 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.38 and a beta of 0.98.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly 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 firm had revenue of $1.22 billion during 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 business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup cut their price objective on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of GoDaddy in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price objective on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Barclays cut their price objective on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial cut their price objective on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and a consensus price target of $199.00.

Insider Activity

In other news, CAO Phontip Palitwanon sold 777 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the sale, the chief executive officer owned 406,065 shares in the company, 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. In the last 90 days, insiders have sold 27,203 shares of company stock worth $4,031,238. Corporate 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.

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