Annex Advisory Services LLC Purchases 20,388 Shares of GoDaddy Inc. $GDDY

Key Points

• Annex Advisory Services LLC increased its stake in GoDaddy by 19.1% during the second quarter, purchasing 20,388 shares, bringing its total holdings to 127,319 shares valued at $22.9 million.
• Insider trading activity included COO Roger Chen and CEO Amanpal Singh Bhutani selling shares, with a total of 34,828 shares sold in the last 90 days valued at approximately $5.39 million.
• GoDaddy reported earnings per share of $1.41 for the last quarter, exceeding analysts' expectations, and recorded a revenue increase of 8.3% year-over-year, totaling $1.22 billion.

Annex Advisory Services LLC lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,319 shares of the technology company's stock after buying an additional 20,388 shares during the quarter. Annex Advisory Services LLC owned about 0.09% of GoDaddy worth $22,925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GDDY. City Holding Co. lifted its holdings in shares of GoDaddy by 30.0% during the 1st 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% during the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock worth $1,199,000 after acquiring an additional 64 shares during the period. NorthCrest Asset Manangement LLC raised its position in GoDaddy by 0.8% during 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. CX Institutional lifted its holdings in shares of GoDaddy by 13.1% in the second quarter. CX Institutional now owns 577 shares of the technology company's stock worth $104,000 after acquiring an additional 67 shares during the last quarter. Finally, Allworth Financial LP raised its position in GoDaddy by 4.9% in the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company's stock valued at $284,000 after purchasing an additional 73 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the sale, the chief executive officer directly owned 406,065 shares in the company, 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 90 days, insiders sold 34,828 shares of company stock valued at $5,394,638. 0.70% of the stock is owned by company insiders.

GoDaddy Stock Performance

GDDY opened at $144.93 on Friday. GoDaddy Inc. has a 52-week low of $132.51 and a 52-week high of $216.00. The firm's fifty day simple moving average is $152.05 and its two-hundred day simple moving average is $169.32. 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 company has a market cap of $20.07 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.56 and a beta of 1.02.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results 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. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $1.01 earnings per share. The company's revenue for the quarter 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on GDDY. Raymond James Financial cut their price objective on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 8th. Barclays reduced their target price on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada reduced their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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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