Brighton Jones LLC Makes New Investment in GoDaddy Inc. $GDDY

Brighton Jones LLC acquired a new position in GoDaddy Inc. (NYSE:GDDY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,254 shares of the technology company’s stock, valued at approximately $586,000.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Bayforest Capital Ltd bought a new position in GoDaddy in the second quarter worth $26,000. Park Square Financial Group LLC bought a new position in GoDaddy in the first quarter worth $27,000. Private Trust Co. NA raised its holdings in GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of GoDaddy during the first quarter valued at $30,000. Institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GDDY shares. Raymond James Financial reduced their price target on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, August 8th. UBS Group reduced their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a report on Wednesday, October 8th. Citigroup reduced their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. Finally, Wells Fargo & Company reduced their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.00.

GoDaddy Price Performance

NYSE GDDY opened at $126.64 on Thursday. GoDaddy Inc. has a one year low of $125.90 and a one year high of $216.00. The stock has a 50-day moving average of $139.72 and a 200 day moving average of $161.28. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $1.01 EPS. GoDaddy’s revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total value of $68,285.00. Following the completion of the sale, the director directly owned 20,457 shares in the company, valued at approximately $2,793,812.49. This trade represents a 2.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares of the company’s stock, valued at $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,203 shares of company stock worth $4,031,238 in the last three months. 0.70% of the stock is currently owned by company insiders.

About GoDaddy

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.