GoDaddy Inc. $GDDY Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in GoDaddy Inc. (NYSE:GDDY) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 459,412 shares of the technology company’s stock after selling 56,475 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.32% of GoDaddy worth $82,722,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its stake in shares of GoDaddy by 123.4% in 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 in the last quarter. Bayforest Capital Ltd acquired a new position in shares of GoDaddy in the second quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in shares of GoDaddy in the first quarter worth about $27,000. Private Trust Co. NA lifted its stake 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 worth $29,000 after acquiring an additional 136 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in GoDaddy in the first quarter valued at about $30,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the company’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 completion of the transaction, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. This represents a 0.40% 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 the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the transaction, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group lowered their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Barclays lowered their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada lowered their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. One 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 stock has a consensus rating of “Moderate Buy” and an average target price of $199.00.

GoDaddy Stock Down 3.2%

NYSE:GDDY opened at $126.64 on Thursday. The firm has a market capitalization of $17.53 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The stock has a 50 day moving average of $139.72 and a 200-day moving average of $161.28. GoDaddy Inc. has a 52 week low of $125.90 and a 52 week 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.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate 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 return on equity of 189.42% and a net margin of 17.01%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that GoDaddy Inc. will post 6.63 EPS for the current 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.