AG2R LA Mondiale Gestion D Actifs Invests $1.12 Million in GoDaddy Inc. $GDDY

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 6,173 shares of GoDaddy Inc. valued at approximately $1,124,000 during the 1st quarter.
• GoDaddy's CEO, Amanpal Singh Bhutani, sold 6,000 shares for $900,000, reducing his ownership by 1.46%, while COO Roger Chen sold 1,000 shares for $143,530.
• Analysts have recently lowered their target prices for GoDaddy, with Barclays setting a new target of $200.00 while maintaining an "overweight" rating.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,173 shares of the technology company's stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cornerstone Planning Group LLC grew its position in shares of GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after purchasing an additional 79 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of GoDaddy during the first quarter valued at about $27,000. Private Trust Co. NA grew its position in shares of GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of GoDaddy during the first quarter valued at about $30,000. Finally, Banque Transatlantique SA purchased a new position in shares of GoDaddy during the first quarter valued at about $36,000. 90.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James Financial dropped their price target on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an "overweight" rating in a research report on Friday, August 8th. 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. Finally, Royal Bank Of Canada dropped their target price on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

GoDaddy Stock Performance

Shares of GDDY traded down $0.79 during trading hours on Friday, reaching $145.58. 238,414 shares of the company traded hands, compared to its average volume of 1,571,713. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $20.15 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.56 and a beta of 1.02. The business has a fifty day moving average price of $152.51 and a 200-day moving average price of $169.58.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly 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. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm's revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other GoDaddy news, Director Brian Sharples sold 500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $146.26, for a total value of $73,130.00. Following the completion of the sale, the director owned 20,957 shares in the company, valued at approximately $3,065,170.82. This represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares of the company's stock, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,828 shares of company stock worth $5,394,638 in the last 90 days. Corporate insiders own 0.70% of the company's stock.

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.