Bleakley Financial Group LLC Invests $1.90 Million in GoDaddy Inc. $GDDY

Bleakley Financial Group LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,539 shares of the technology company’s stock, valued at approximately $1,898,000.

Several other large investors have also recently added to or reduced their stakes in GDDY. Cornerstone Planning Group LLC increased its position in GoDaddy by 123.4% in 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. Bayforest Capital Ltd acquired a new stake in GoDaddy in the 2nd quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new stake in GoDaddy in the 1st quarter valued at approximately $27,000. Private Trust Co. NA increased its position in GoDaddy by 591.3% in 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. Finally, Zions Bancorporation National Association UT acquired a new stake in GoDaddy in the 1st quarter valued at approximately $30,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Citigroup decreased their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research note on Friday, August 8th. UBS Group decreased their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Finally, Raymond James Financial decreased their price target on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average price target of $199.00.

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer directly owned 406,065 shares of the company’s stock, valued at $60,909,750. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the sale, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,203 shares of company stock worth $4,031,238. 0.70% of the stock is owned by insiders.

GoDaddy Stock Performance

GDDY opened at $130.92 on Friday. The firm has a market cap of $18.13 billion, a PE ratio of 23.38, a P/E/G ratio of 1.43 and a beta of 0.98. 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 business has a fifty day simple moving average of $140.63 and a 200-day simple moving average of $162.25. GoDaddy Inc. has a fifty-two week low of $127.65 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last released 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. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

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.