7,359 Shares in GoDaddy Inc. $GDDY Acquired by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC acquired 7,359 shares of GoDaddy Inc. valued at approximately $1,325,000 in the first quarter.
• Insider trading activity shows CFO Mark Mccaffrey and CEO Amanpal Singh Bhutani sold 3,317 and 6,932 shares respectively on June 3rd, leading to decreases in their ownership positions.
• GoDaddy's last quarterly earnings reported $1.41 EPS, exceeding analysts' estimates, with a revenue increase of 8.3% year-over-year to $1.22 billion.

Quantitative Investment Management LLC purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,359 shares of the technology company's stock, valued at approximately $1,325,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas increased its stake in GoDaddy by 2.9% in the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company's stock valued at $417,000 after purchasing an additional 59 shares in the last quarter. City Holding Co. increased its stake in GoDaddy by 30.0% in the first quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after purchasing an additional 60 shares in the last quarter. Equitable Trust Co. increased its stake in GoDaddy by 1.0% in the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock valued at $1,199,000 after purchasing an additional 64 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in GoDaddy by 0.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock valued at $1,435,000 after purchasing an additional 67 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in GoDaddy by 4.1% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,793 shares of the technology company's stock valued at $344,000 after purchasing an additional 71 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total value of $596,429.77. Following the transaction, the chief financial officer directly owned 74,084 shares of the company's stock, valued at $13,321,044.04. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total transaction of $1,246,442.92. Following the completion of the sale, the chief executive officer owned 431,015 shares in the company, valued at approximately $77,500,807.15. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,881 shares of company stock valued at $5,869,390 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

GoDaddy Price Performance

NYSE:GDDY opened at $146.9890 on Monday. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week high of $216.00. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.59 and a beta of 1.08. The firm's 50-day simple moving average is $164.23 and its 200 day simple moving average is $174.77. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm earned $1.01 earnings per share. GoDaddy's revenue for the quarter was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Ratings Changes

GDDY has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Benchmark reiterated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Wells Fargo & Company reduced their price target on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Royal Bank Of Canada reduced their price target on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial reduced their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company 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's stock. Based on data from MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and an average target price of $202.43.

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.

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