GoDaddy Inc. $GDDY Shares Bought by OFI Invest Asset Management

OFI Invest Asset Management boosted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 57.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 571 shares of the technology company’s stock after acquiring an additional 209 shares during the period. OFI Invest Asset Management’s holdings in GoDaddy were worth $103,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after acquiring an additional 79 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy in the first quarter valued at about $27,000. Private Trust Co. NA raised its position in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of GoDaddy in the first quarter valued at about $30,000. Finally, Banque Transatlantique SA acquired a new stake in shares of GoDaddy in the first quarter valued at about $36,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,950 shares of the firm’s 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 $988,359.50. Following the sale, the chief executive officer owned 412,065 shares of the company’s stock, valued at approximately $58,599,763.65. This trade represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the sale, the chief operating officer directly owned 251,949 shares in the company, valued at approximately $36,711,488.79. The trade was a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,203 shares of company stock valued at $4,200,828 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Trading Down 2.4%

Shares of GDDY stock opened at $130.62 on Monday. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $18.08 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company has a 50-day moving average of $143.57 and a two-hundred day moving average of $165.04. GoDaddy Inc. has a 1-year low of $130.17 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating 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 business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Royal Bank Of Canada reduced 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. Raymond James Financial reduced their target price on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. Wells Fargo & Company reduced their target price on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Citigroup cut their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

GoDaddy 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.