Algert Global LLC Buys Shares of 2,140 GoDaddy Inc. $GDDY

Key Points

• Algert Global LLC has made a new investment in GoDaddy Inc., purchasing 2,140 shares valued at approximately $385,000 in the first quarter.
• Insider trading reports indicate that GoDaddy's COO and CEO both sold shares recently, with total insider sales amounting to $5.87 million over the past ninety days.
• GoDaddy has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and a target price of $202.43, while their recent earnings exceeded analyst expectations.

Algert Global LLC bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,140 shares of the technology company's stock, valued at approximately $385,000.

Several other institutional investors have also recently made changes to their positions in the company. BNP Paribas increased its stake in shares of GoDaddy by 2.9% during the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after buying an additional 59 shares during the period. 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 during 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 during 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 during 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 during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other GoDaddy news, Director Leah Sweet sold 650 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total value of $91,741.00. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 625 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $177.08, for a total value of $110,675.00. Following the completion of the sale, the chief financial officer directly owned 73,459 shares of the company's stock, valued at approximately $13,008,119.72. This trade represents a 0.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,881 shares of company stock valued at $5,869,390. 0.70% of the stock is currently owned by company insiders.

GoDaddy Stock Performance

Shares of GDDY traded down $0.28 during mid-day trading on Friday, reaching $147.58. 554,309 shares of the company's stock were exchanged, compared to its average volume of 1,584,304. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $20.43 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. The business's fifty day simple moving average is $161.82 and its 200-day simple moving average is $173.50. GoDaddy Inc. has a 52-week low of $132.51 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion for 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 for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on GDDY. Royal Bank Of Canada dropped their price target on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Barclays dropped their price target on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Citigroup dropped their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average 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.