Cwm LLC Raises Holdings in GoDaddy Inc. (NYSE:GDDY)

Cwm LLC boosted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,034 shares of the technology company’s stock after buying an additional 159 shares during the period. Cwm LLC’s holdings in GoDaddy were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Atomi Financial Group Inc. boosted its holdings in shares of GoDaddy by 7.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 1,861 shares of the technology company’s stock valued at $292,000 after buying an additional 131 shares in the last quarter. Kesler Norman & Wride LLC acquired a new stake in GoDaddy in the third quarter valued at approximately $582,000. Chapin Davis Inc. purchased a new position in GoDaddy in the third quarter worth $4,305,000. GAMMA Investing LLC increased its position in shares of GoDaddy by 69.2% during the third quarter. GAMMA Investing LLC now owns 1,849 shares of the technology company’s stock worth $290,000 after purchasing an additional 756 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of GoDaddy by 6.9% during the 3rd quarter. Czech National Bank now owns 28,701 shares of the technology company’s stock valued at $4,500,000 after purchasing an additional 1,848 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on GDDY shares. Piper Sandler reaffirmed a “neutral” rating and set a $172.00 target price (up from $160.00) on shares of GoDaddy in a research report on Monday, September 23rd. Robert W. Baird increased their price objective on shares of GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Raymond James upped their price target on shares of GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Barclays upped their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and an average price target of $166.54.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.48, for a total transaction of $585,920.00. Following the transaction, the chief operating officer now owns 188,632 shares in the company, valued at approximately $27,630,815.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Sigal Zarmi sold 400 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $157.61, for a total transaction of $63,044.00. Following the completion of the transaction, the director now owns 4,661 shares in the company, valued at $734,620.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.48, for a total transaction of $585,920.00. Following the completion of the transaction, the chief operating officer now directly owns 188,632 shares in the company, valued at $27,630,815.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,744 shares of company stock worth $5,114,931 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 0.3 %

Shares of NYSE:GDDY opened at $164.42 on Friday. The company has a market capitalization of $23.46 billion, a PE ratio of 13.66 and a beta of 1.12. GoDaddy Inc. has a 12-month low of $71.15 and a 12-month high of $167.65. The business has a 50 day moving average of $159.00 and a two-hundred day moving average of $144.17. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. As a group, analysts forecast that GoDaddy Inc. will post 5.07 EPS for the current year.

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.