Aberdeen Group plc Acquires 8,112 Shares of GoDaddy Inc. $GDDY

Key Points

• Aberdeen Group plc increased its holdings in GoDaddy Inc. by 8.2%, acquiring an additional 8,112 shares, bringing its total ownership to 106,771 shares valued at approximately $19 million.
• Insider trading activity is noted, with CFO Mark Mccaffrey selling 3,326 shares and CEO Amanpal Singh Bhutani selling 6,000 shares, reflecting a decrease in their respective ownership stakes.
• Analysts have provided varying ratings and price targets for GoDaddy, with average price targets ranging from $160 to $199, indicating overall positive sentiment despite recent adjustments by some firms.

Aberdeen Group plc boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,771 shares of the technology company's stock after purchasing an additional 8,112 shares during the quarter. Aberdeen Group plc owned about 0.07% of GoDaddy worth $19,225,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its stake in GoDaddy by 123.4% during the 1st 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 during the period. Park Square Financial Group LLC acquired a new position in shares of GoDaddy during the first quarter valued at about $27,000. Private Trust Co. NA raised 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 buying an additional 136 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy during the first quarter valued at about $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy during the first quarter valued at about $36,000. Institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the sale, the chief financial officer owned 70,133 shares of the company's stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $900,000.00. Following the sale, the chief executive officer directly owned 406,065 shares of the company's stock, valued at approximately $60,909,750. The trade was a 1.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,203 shares of company stock valued at $4,031,238. Insiders own 0.70% of the company's stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $132.48 on Tuesday. 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 firm has a market capitalization of $18.34 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. GoDaddy Inc. has a 12-month low of $130.00 and a 12-month high of $216.00. The firm has a 50-day moving average price of $143.06 and a 200 day moving average price of $164.71.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping 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 net margin of 17.01% and a return on equity of 189.42%. The company's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GDDY. UBS Group cut their price objective on shares of GoDaddy from $215.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. Raymond James Financial cut their price objective on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research report on Friday, August 8th. Barclays cut their price objective on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of GoDaddy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $199.00.

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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