Insight Wealth Strategies LLC Takes $3.78 Million Position in GoDaddy Inc. $GDDY

Key Points

• Insight Wealth Strategies LLC has acquired a new stake in GoDaddy Inc., purchasing 21,164 shares valued at approximately $3.78 million during the second quarter.
• GoDaddy's shares have seen significant insider trading, with the CFO selling over 3,300 shares recently, leading to insiders selling a total of $5.4 million worth of stock in the last three months.
• The company's recent earnings report indicated an EPS of $1.41, surpassing analysts' expectations, and a revenue increase of 8.3% year-over-year.

Insight Wealth Strategies LLC bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,164 shares of the technology company's stock, valued at approximately $3,776,000.

A number of other large investors have also recently modified their holdings of GDDY. Cornerstone Planning Group LLC boosted its stake 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 purchasing an additional 79 shares in the last quarter. Park Square Financial Group LLC bought a new stake in GoDaddy during the first quarter worth about $27,000. Private Trust Co. NA boosted its stake in GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in GoDaddy during the first quarter worth about $30,000. Finally, Banque Transatlantique SA bought a new stake in GoDaddy during the first quarter worth about $36,000. Institutional investors own 90.28% of the company's stock.

GoDaddy Stock Down 2.2%

Shares of GoDaddy stock opened at $145.30 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $20.12 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.02. GoDaddy Inc. has a 52-week low of $132.51 and a 52-week high of $216.00. The company has a 50-day simple moving average of $154.93 and a two-hundred day simple moving average of $170.42.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.07. The business 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 period in the previous year, the company earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the transaction, the chief financial officer directly owned 70,133 shares of the company's stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $175.96, for a total transaction of $175,960.00. Following the transaction, the chief operating officer directly owned 254,949 shares of the company's stock, valued at $44,860,826.04. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,828 shares of company stock valued at $5,424,888 over the last three months. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

GDDY has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company dropped their price objective on shares of 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 dropped their price objective on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Citigroup dropped their price objective on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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