Resonant Capital Advisors LLC Has $567,000 Stock Holdings in GoDaddy Inc. $GDDY

Resonant Capital Advisors LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 16.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,151 shares of the technology company’s stock after purchasing an additional 434 shares during the quarter. Resonant Capital Advisors LLC’s holdings in GoDaddy were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after buying an additional 79 shares during the period. Bayforest Capital Ltd acquired a new position in GoDaddy in the second quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of GoDaddy during the 1st quarter valued at $27,000. Private Trust Co. NA lifted its position in shares of GoDaddy by 591.3% during 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 position in shares of GoDaddy during the 1st quarter valued at $30,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the completion of the sale, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 3,326 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $472,990.46. Following the sale, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,203 shares of company stock valued at $4,031,238 in the last ninety days. Insiders own 0.70% of the company’s stock.

GoDaddy Stock Performance

Shares of GoDaddy stock opened at $130.92 on Monday. The company has a market cap of $18.13 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. GoDaddy Inc. has a 52 week low of $127.65 and a 52 week high of $216.00. The business has a 50 day moving average price of $140.63 and a 200-day moving average price of $162.17. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates 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%.GoDaddy’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GDDY shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a report on Wednesday, October 8th. UBS Group dropped their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Barclays dropped their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. 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. Finally, Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an “overweight” rating in a research report 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 assigned a Hold rating to the stock. According to MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

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.