Rep. Byron Donalds Purchases Shares of GoDaddy Inc. (NYSE:GDDY)

Representative Byron Donalds (R-Florida) recently bought shares of GoDaddy Inc. (NYSE:GDDY). In a filing disclosed on February 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in GoDaddy stock on January 21st. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

GoDaddy Stock Performance

Shares of GDDY opened at $206.17 on Wednesday. The firm has a market capitalization of $28.94 billion, a P/E ratio of 15.93 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. GoDaddy Inc. has a one year low of $107.92 and a one year high of $216.00. The business has a fifty day moving average of $204.45 and a 200 day moving average of $178.67.

Hedge Funds Weigh In On GoDaddy

Large investors have recently bought and sold shares of the business. Towercrest Capital Management purchased a new stake in shares of GoDaddy during the fourth quarter valued at about $240,000. Congress Wealth Management LLC DE purchased a new stake in GoDaddy during the fourth quarter valued at approximately $13,628,000. LPL Financial LLC boosted its stake in GoDaddy by 22.9% in the fourth quarter. LPL Financial LLC now owns 66,109 shares of the technology company’s stock valued at $13,048,000 after acquiring an additional 12,328 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in GoDaddy in the fourth quarter worth $1,055,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of GoDaddy during the fourth quarter worth $38,487,000. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird raised their target price on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Citigroup lifted their price objective on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Piper Sandler increased their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Finally, Wells Fargo & Company initiated coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.53.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 480 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20. Following the transaction, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Friday, November 15th. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00. Following the sale, the chief operating officer now owns 185,632 shares of the company’s stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,483 shares of company stock worth $4,893,633. Insiders own 0.61% of the company’s stock.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.