GoDaddy Inc. $GDDY Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 5.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,670,677 shares of the technology company’s stock after buying an additional 199,459 shares during the quarter. GoDaddy accounts for about 1.5% of WCM Investment Management LLC’s investment portfolio, making the stock its 26th biggest holding. WCM Investment Management LLC’s holdings in GoDaddy were worth $660,979,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after buying an additional 79 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of GoDaddy in the 2nd quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy in the 1st quarter valued at approximately $27,000. Private Trust Co. NA lifted its holdings in shares of GoDaddy by 591.3% in the 1st 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 period. Finally, Zions Bancorporation National Association UT purchased a new position in GoDaddy in the 1st quarter valued at approximately $30,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer owned 251,949 shares of the company’s stock, valued at $36,711,488.79. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on GDDY shares. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. UBS Group dropped their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Citigroup dropped their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. Finally, Barclays dropped their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.00.

GoDaddy Stock Performance

GoDaddy stock opened at $130.21 on Thursday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a fifty day moving average of $142.14 and a two-hundred day moving average of $164.25. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.42 and a beta of 0.98. GoDaddy Inc. has a fifty-two week low of $129.32 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results 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. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

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.