Rep. Byron Donalds Unloads Shares of GoDaddy Inc. (NYSE:GDDY)

Representative Byron Donalds (R-Florida) recently sold shares of GoDaddy Inc. NYSE: GDDY. In a filing disclosed on April 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in GoDaddy stock on March 20th. The trade occurred in the Representative's "MORAN WEALTH IRA" account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Gartner NYSE: IT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Chipotle Mexican Grill NYSE: CMG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Equifax NYSE: EFX on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Tradeweb Markets NASDAQ: TW on 3/20/2025.
• Sold $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 3/20/2025.

GoDaddy Trading Up 2.5 %

NYSE:GDDY traded up $4.15 during trading hours on Tuesday, hitting $169.36. The stock had a trading volume of 315,485 shares, compared to its average volume of 1,460,847. The business's 50 day moving average is $176.29 and its 200-day moving average is $186.21. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 26.24 and a beta of 1.19. GoDaddy Inc. has a one year low of $120.23 and a one year high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. Sell-side analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Raymond James increased their target price on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. Benchmark boosted their price target on GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Jefferies Financial Group dropped their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley reduced their price target on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $210.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GDDY. Anchor Investment Management LLC acquired a new stake in GoDaddy in the 3rd quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. boosted its stake in shares of GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after acquiring an additional 165 shares during the period. City Holding Co. increased its holdings in shares of GoDaddy by 30.0% during the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after acquiring an additional 60 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in GoDaddy in the 4th quarter valued at $49,000. Institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the sale, the chief operating officer now directly owns 182,632 shares in the company, valued at $35,481,744.96. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,000 shares of company stock worth $3,518,150. Company insiders own 0.61% of the company's stock.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida's 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida's 19th Congressional District. He declared candidacy for the 2026 election. Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor's degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.