Plato Investment Management Ltd Has $791,000 Holdings in GoDaddy Inc. $GDDY

Plato Investment Management Ltd lessened its holdings in GoDaddy Inc. (NYSE:GDDY) by 31.9% during the second quarter, HoldingsChannel reports. The fund owned 4,409 shares of the technology company’s stock after selling 2,070 shares during the quarter. Plato Investment Management Ltd’s holdings in GoDaddy were worth $791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised 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 worth $25,000 after acquiring an additional 79 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of GoDaddy in the 2nd quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy in the 1st quarter worth about $27,000. Private Trust Co. NA raised 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 worth $29,000 after acquiring an additional 136 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of GoDaddy in the 1st quarter worth about $30,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GDDY. Citigroup lowered their target price on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday. Barclays lowered their target price on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Benchmark decreased their price objective on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada decreased their price objective 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. Finally, Wells Fargo & Company decreased their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average target price of $184.07.

Insider Buying and Selling

In related news, Director Leah Sweet sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares of the company’s stock, valued at approximately $1,702,712.96. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction 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 approximately $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,703 shares of company stock worth $2,994,243 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

GoDaddy Trading Up 5.2%

Shares of GDDY stock opened at $133.35 on Monday. The company has a 50 day moving average of $139.06 and a 200-day moving average of $160.59. 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 12-month low of $125.00 and a 12-month high of $216.00. The firm has a market cap of $18.46 billion, a P/E ratio of 23.81, a PEG ratio of 1.36 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $1.32 EPS. GoDaddy’s quarterly revenue was up 10.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.