Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of GoDaddy Inc. (NYSE:GDDY)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of GoDaddy Inc. (NYSE:GDDY). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in GoDaddy stock on January 7th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ICF International (NASDAQ:ICFI) on 2/3/2025.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 1/31/2025.
• Purchased $50,001 – $100,000 in shares of Hawaiian Electric Industries (NYSE:HE) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Agios Pharmaceuticals (NASDAQ:AGIO) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of SpringWorks Therapeutics (NASDAQ:SWTX) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of U.S. Physical Therapy (NYSE:USPH) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 1/29/2025.

GoDaddy Stock Performance

Shares of GDDY opened at $207.44 on Thursday. GoDaddy Inc. has a one year low of $107.92 and a one year high of $216.00. The firm has a market capitalization of $29.12 billion, a PE ratio of 16.03 and a beta of 1.15. The company has a 50-day simple moving average of $204.60 and a two-hundred day simple moving average of $179.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

Insider Transactions at GoDaddy

In related news, CAO Phontip Palitwanon sold 770 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $151,412.80. Following the transaction, the chief accounting officer now directly owns 23,059 shares of the company’s stock, valued at approximately $4,534,321.76. This trade represents a 3.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now directly owns 83,254 shares in the company, valued at approximately $16,758,197.66. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,483 shares of company stock worth $4,893,633 in the last quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GDDY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Raymond James increased their price target on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Robert W. Baird lifted their target price on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group increased their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Benchmark lifted their price target on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GDDY. CWM LLC boosted its stake in shares of GoDaddy by 2.7% in the 3rd quarter. CWM LLC now owns 6,034 shares of the technology company’s stock worth $946,000 after buying an additional 159 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in GoDaddy by 19.4% in the third quarter. Ritholtz Wealth Management now owns 12,380 shares of the technology company’s stock valued at $1,941,000 after acquiring an additional 2,012 shares during the period. ORG Wealth Partners LLC purchased a new position in GoDaddy in the third quarter worth about $30,000. Wedge Capital Management L L P NC grew its stake in shares of GoDaddy by 2,279.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock valued at $62,908,000 after purchasing an additional 384,386 shares during the period. Finally, Creative Planning increased its position in shares of GoDaddy by 41.6% during the 3rd quarter. Creative Planning now owns 14,187 shares of the technology company’s stock valued at $2,224,000 after purchasing an additional 4,168 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.