Ingalls & Snyder LLC Buys 696 Shares of GoDaddy Inc. $GDDY

Ingalls & Snyder LLC lifted its stake in GoDaddy Inc. (NYSE:GDDY) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,443 shares of the technology company’s stock after purchasing an additional 696 shares during the period. Ingalls & Snyder LLC’s holdings in GoDaddy were worth $7,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after acquiring an additional 79 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of GoDaddy in the 2nd quarter valued at about $26,000. Park Square Financial Group LLC bought a new stake in shares of GoDaddy in the 1st quarter valued at about $27,000. Private Trust Co. NA boosted 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 in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of GoDaddy in the 1st quarter valued at about $30,000. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Stock Performance

GDDY opened at $130.92 on Friday. GoDaddy Inc. has a 12-month low of $127.65 and a 12-month high of $216.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $18.13 billion, a PE ratio of 23.38, a P/E/G ratio of 1.41 and a beta of 0.98. The firm has a 50 day moving average of $140.63 and a two-hundred day moving average of $162.25.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. 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 year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Citigroup lowered their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada lowered their target price on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Raymond James Financial lowered 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 note on Friday, August 8th. Finally, Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. One investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $199.00.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the transaction, the chief executive officer directly owned 406,065 shares in the company, valued at approximately $60,909,750. The trade was a 1.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,203 shares of company stock worth $4,031,238 in the last ninety days. Company insiders own 0.70% of the company’s stock.

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.