Geneos Wealth Management Inc. Acquires 178 Shares of GoDaddy Inc. $GDDY

Geneos Wealth Management Inc. lifted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 730 shares of the technology company’s stock after purchasing an additional 178 shares during the period. Geneos Wealth Management Inc.’s holdings in GoDaddy were worth $132,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. HighPoint Advisor Group LLC lifted its position in shares of GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after purchasing an additional 293 shares in the last quarter. Sowell Financial Services LLC bought a new stake in GoDaddy in the first quarter worth about $291,000. DAVENPORT & Co LLC raised its position in GoDaddy by 7.7% in the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after acquiring an additional 141 shares during the period. Optimist Retirement Group LLC raised its position in GoDaddy by 5.8% in the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock worth $274,000 after acquiring an additional 84 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in GoDaddy by 13.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company’s stock worth $1,060,000 after acquiring an additional 699 shares during the period. 90.28% of the stock is owned by institutional investors.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $144.15 on Wednesday. The firm’s 50 day moving average price is $153.61 and its 200-day moving average price is $169.97. GoDaddy Inc. has a twelve month low of $132.51 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 stock has a market capitalization of $19.96 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect 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 the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $146.26, for a total value of $73,130.00. Following the completion of the sale, the director directly owned 20,957 shares of the company’s stock, valued at approximately $3,065,170.82. This represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,828 shares of company stock worth $5,248,928 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GDDY. Barclays reduced their target price on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada dropped their target price on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Citigroup dropped their target price on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $202.43.

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.