SPC Financial Inc. Purchases 272 Shares of GoDaddy Inc. $GDDY

SPC Financial Inc. grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,774 shares of the technology company’s stock after purchasing an additional 272 shares during the quarter. SPC Financial Inc.’s holdings in GoDaddy were worth $1,940,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in GoDaddy by 149.7% during the 2nd quarter. CWM LLC now owns 18,111 shares of the technology company’s stock worth $3,261,000 after purchasing an additional 10,857 shares during the last quarter. OFI Invest Asset Management raised its holdings in GoDaddy by 57.7% during the 2nd quarter. OFI Invest Asset Management now owns 571 shares of the technology company’s stock worth $103,000 after purchasing an additional 209 shares during the last quarter. Board of the Pension Protection Fund raised its holdings in GoDaddy by 22.0% during the 2nd quarter. Board of the Pension Protection Fund now owns 5,000 shares of the technology company’s stock worth $900,000 after purchasing an additional 900 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in GoDaddy by 11.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,430 shares of the technology company’s stock worth $3,859,000 after purchasing an additional 2,148 shares during the last quarter. Finally, PrairieView Partners LLC bought a new position in GoDaddy during the 2nd quarter worth approximately $112,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $130.62 on Friday. The company has a fifty day simple moving average of $143.57 and a 200 day simple moving average of $165.16. GoDaddy Inc. has a 12-month low of $130.17 and a 12-month high of $216.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The company has a market cap of $18.08 billion, a P/E ratio of 23.33, a PEG ratio of 1.42 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.01 EPS. GoDaddy’s revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank Of Canada lowered their price target 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. Wells Fargo & Company lowered their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday. Barclays lowered their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Citigroup lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.00.

Insiders Place Their Bets

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the sale, the chief executive officer owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $136.57, for a total transaction of $68,285.00. Following the completion of the sale, the director directly owned 20,457 shares of the company’s stock, valued at approximately $2,793,812.49. The trade was a 2.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,203 shares of company stock worth $4,200,828 in the last quarter. Insiders own 0.70% of the company’s stock.

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.