Rep. Robert Bresnahan, Jr. Sells Off Shares of GoDaddy Inc. (NYSE:GDDY)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of GoDaddy Inc. NYSE: GDDY. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in GoDaddy stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

GoDaddy Stock Down 1.5 %

NYSE GDDY traded down $2.69 during trading on Tuesday, hitting $179.51. 601,967 shares of the company traded hands, compared to its average volume of 1,235,482. The business has a fifty day simple moving average of $203.78 and a 200 day simple moving average of $180.59. GoDaddy Inc. has a 12 month low of $108.02 and a 12 month high of $216.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a market capitalization of $25.20 billion, a P/E ratio of 13.85 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. As a group, sell-side analysts predict that GoDaddy Inc. will post 4.96 EPS for the current year.

Insider Activity

In related news, CAO Phontip Palitwanon sold 770 shares of the company'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 sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at $4,534,321.76. This represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Mccaffrey sold 2,678 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $526,601.92. Following the completion of the transaction, the chief financial officer now owns 89,800 shares in the company, valued at approximately $17,658,272. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,482 shares of company stock worth $4,709,650. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GoDaddy

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of GoDaddy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company's stock worth $31,052,000 after acquiring an additional 6,424 shares during the period. Highland Capital Management LLC purchased a new position in shares of GoDaddy during the 3rd quarter valued at $1,132,000. CWA Asset Management Group LLC increased its stake in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock worth $3,172,000 after acquiring an additional 3,631 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in GoDaddy by 28.0% during the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company's stock valued at $6,907,000 after purchasing an additional 9,631 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd grew its position in GoDaddy by 39.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company's stock worth $9,410,000 after acquiring an additional 17,021 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GDDY. Barclays lifted their target price on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research report on Friday. StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Monday. B. Riley lifted their price target on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday. Wells Fargo & Company began coverage on GoDaddy in a research report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 target price for the company. Finally, Benchmark increased their target price on shares of GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $213.20.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.