GoDaddy's $472 Million Trading Day Marks 44.85% Volume Surge Despite Stock Decline

On April 4, 2025, GoDaddy (GDDY) experienced a significant trading day with a volume of $472 million, marking a 44.85% increase from the previous day. However, the stock price declined by 7.46%, extending its losing streak to three consecutive days, with a total decline of 9.02% over this period.

GoDaddy has shown impressive performance over the past six months, outperforming the S&P 500 by 8.7%. The company, based in Tempe, Arizona, is a leading provider of internet domain registration, web hosting, and online business solutions. With a market capitalization of $23.37 billion, GoDaddy supports millions of entrepreneurs and small businesses worldwide, offering tools and services to establish and grow their online presence.

On February 13, 2025, GoDaddy's stock prices crashed 14.3% following the release of its Q4 results. Although the company's earnings missed Street expectations, its overall revenue surged 8.4% year-over-year to $1.2 billion, surpassing analysts' projections by 1.4%. The adjusted EPS was up 31.5% compared to the year-ago quarter, driven by a significant boost in applications and commerce revenues.

Despite the recent downturn, GoDaddy's stock has traded consistently above its 200-day moving average over the past year. However, it dropped below its 50-day moving average in mid-February. The company's stock price touched its all-time high of $216 on January 30, 2025, and is currently trading 16.4% below that peak. Over the past three months, GDDY has dropped 9.3%, slightly outperforming the Technology Select Sector SPDR Fund’s 9.7% decline during the same time frame.

GoDaddy's performance has been more impressive over the longer time frame. GDDY stock has soared 16.5% over the past six months and 44.7% over the past 52 weeks. Among the 18 analysts covering the GDDY stock, the consensus rating is a “Moderate Buy.” Its mean price target of $223.31 suggests a 23.7% upside potential from current price levels.

Crescent Park Management L.P. lowered its holdings in shares of GoDaddy Inc. by 24.7% during the 4th quarter. Additionally, GoDaddy CFO Mark McCaffrey sold $1.1 million in stock, which may have contributed to the recent decline in the stock price.