Bayforest Capital Ltd Makes New $26,000 Investment in GoDaddy Inc. $GDDY

Bayforest Capital Ltd acquired a new position in GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 147 shares of the technology company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Equitable Trust Co. lifted its holdings in GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after buying an additional 64 shares during the period. CX Institutional lifted its holdings in GoDaddy by 13.1% in the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after buying an additional 67 shares during the period. Allworth Financial LP lifted its holdings in GoDaddy by 4.9% in the 1st quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock worth $284,000 after buying an additional 73 shares during the period. Cornerstone Planning Group LLC lifted its holdings in GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after buying an additional 79 shares during the period. Finally, MAI Capital Management lifted its holdings in GoDaddy by 8.7% in the 1st quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock worth $185,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GDDY shares. Citigroup dropped their price objective on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. Barclays decreased their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. UBS Group decreased their target price on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, Raymond James Financial decreased their target price on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report 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 issued a Hold rating to the company’s stock. According to MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

Insiders Place Their Bets

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction on Wednesday, September 10th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction on 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 directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,203 shares of company stock worth $4,031,238. 0.70% of the stock is owned by corporate insiders.

GoDaddy Stock Up 0.5%

GDDY stock opened at $128.68 on Friday. GoDaddy Inc. has a twelve month low of $127.65 and a twelve month high of $216.00. 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 firm has a market cap of $17.82 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.39 and a beta of 0.98. The business has a 50 day moving average of $141.60 and a 200 day moving average of $163.42.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.21 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’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, research analysts forecast 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.