GoDaddy Inc. $GDDY Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 44.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,564 shares of the technology company’s stock after selling 31,078 shares during the period. ProShare Advisors LLC’s holdings in GoDaddy were worth $6,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HighPoint Advisor Group LLC increased its holdings in shares of GoDaddy by 15.9% in the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after purchasing an additional 293 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in GoDaddy by 20.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock valued at $17,888,000 after buying an additional 17,200 shares during the last quarter. Optimist Retirement Group LLC increased its stake in GoDaddy by 5.8% in the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock valued at $274,000 after buying an additional 84 shares during the period. Voya Investment Management LLC raised its position in GoDaddy by 102.8% during the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock worth $145,033,000 after buying an additional 408,178 shares during the last quarter. Finally, Andra AP fonden lifted its stake in shares of GoDaddy by 42.4% in the 2nd quarter. Andra AP fonden now owns 381,310 shares of the technology company’s stock worth $68,659,000 after acquiring an additional 113,600 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the completion of the transaction, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $145.71, for a total value 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 is available in the SEC filing. Insiders have sold a total of 20,553 shares of company stock valued at $2,969,057 in the last ninety days. 0.70% of the stock is owned by insiders.

GoDaddy Trading Up 0.5%

Shares of GDDY stock opened at $132.32 on Thursday. The stock has a market cap of $17.88 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. GoDaddy Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $216.00. The business has a fifty day simple moving average of $136.88 and a 200-day simple moving average of $158.37.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company earned $1.32 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GDDY. Barclays cut their price target on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada dropped their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Benchmark lowered their price target on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.07.

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.