Brant Point Investment Management LLC Has $6.42 Million Stock Holdings in GoDaddy Inc. $GDDY

Key Points

• Brant Point Investment Management LLC reduced its stake in GoDaddy Inc. by 19.7%, now holding 35,644 shares valued at approximately $6.42 million, making it the firm's 12th largest holding.
• Several hedge funds increased their positions in GoDaddy during Q1, with JPMorgan Chase & Co. leading at a 41.1% increase, now owning 2.44 million shares worth about $439.5 million.
• GoDaddy's most recent earnings report showed a revenue of $1.22 billion, beating analyst estimates, with a quarterly earnings per share of $1.41, surpassing the consensus by $0.07.

Brant Point Investment Management LLC trimmed its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 19.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,644 shares of the technology company's stock after selling 8,719 shares during the quarter. GoDaddy accounts for 0.8% of Brant Point Investment Management LLC's portfolio, making the stock its 12th largest holding. Brant Point Investment Management LLC's holdings in GoDaddy were worth $6,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in GoDaddy during the first quarter valued at approximately $265,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in GoDaddy by 26.0% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,076 shares of the technology company's stock valued at $1,095,000 after purchasing an additional 1,252 shares in the last quarter. Soros Capital Management LLC boosted its holdings in GoDaddy by 312.1% during the first quarter. Soros Capital Management LLC now owns 65,087 shares of the technology company's stock valued at $11,725,000 after purchasing an additional 49,292 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in GoDaddy by 304.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,189 shares of the technology company's stock valued at $394,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Mirova boosted its holdings in GoDaddy by 5.1% during the first quarter. Mirova now owns 25,272 shares of the technology company's stock valued at $4,552,000 after purchasing an additional 1,234 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Trading Up 0.3%

GDDY stock traded up $0.38 during trading on Friday, hitting $148.24. The company had a trading volume of 1,286,424 shares, compared to its average volume of 2,409,656. 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 firm has a 50-day moving average price of $161.29 and a 200-day moving average price of $172.87. GoDaddy Inc. has a 12 month low of $132.51 and a 12 month high of $216.00. The stock has a market cap of $20.52 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.60 and a beta of 1.08.

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

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total transaction of $596,429.77. Following the completion of the sale, the chief financial officer owned 74,084 shares of the company's stock, valued at approximately $13,321,044.04. The trade was a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $169.59, for a total transaction of $169,590.00. Following the sale, the chief operating officer directly owned 253,949 shares of the company's stock, valued at $43,067,210.91. This represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,881 shares of company stock worth $5,869,390. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GDDY. Barclays decreased their price objective on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Raymond James Financial cut their target price 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. Citigroup cut their target price 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, Wells Fargo & Company cut their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" 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 issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.43.

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.