California State Teachers Retirement System Sells 56,842 Shares of GoDaddy Inc. $GDDY

California State Teachers Retirement System decreased its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 27.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,892 shares of the technology company's stock after selling 56,842 shares during the quarter. California State Teachers Retirement System owned 0.12% of GoDaddy worth $13,062,353 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company's stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Harbour Investments Inc. lifted its position in GoDaddy by 191.0% during the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company's stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Acuitas Investments LLC bought a new stake in shares of GoDaddy in the 1st quarter worth about $33,000. Perkins Coie Trust Co purchased a new position in GoDaddy during the 2nd quarter worth $34,000. Finally, Entrust Financial LLC acquired a new position in shares of GoDaddy during the fourth quarter valued at about $35,000. 90.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other GoDaddy news, CEO Amanpal Bhutani sold 8,194 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $101.19, for a total transaction of $829,150.86. Following the transaction, the chief executive officer directly owned 504,553 shares in the company, valued at approximately $51,055,718.07. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mark McCaffrey sold 5,873 shares of GoDaddy stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $100.91, for a total value of $592,644.43. Following the transaction, the chief financial officer directly owned 99,855 shares of the company's stock, valued at approximately $10,076,368.05. The trade was a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 26,858 shares of company stock valued at $2,593,081. Corporate insiders own 0.93% of the company's stock.

GoDaddy Trading Down 0.6%

GDDY traded down $0.59 during trading hours on Tuesday, reaching $103.88. 784,822 shares of the company's stock traded hands, compared to its average volume of 2,246,311. The firm has a market capitalization of $13.16 billion, a PE ratio of 15.40, a PEG ratio of 0.88 and a beta of 0.94. The firm has a 50-day moving average price of $94.89 and a 200 day moving average price of $88.23. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $148.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 561.10.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.14. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $1.41 EPS. The business's revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that GoDaddy Inc. will post 7.21 EPS for the current fiscal year.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy shares recently gained 6.5% and were described as potentially undervalued by GF Value, which may be supporting investor interest after the stock’s recovery from its 52-week low. Is It Too Late to Buy GoDaddy Inc. After 6.5% Rally?
• Neutral Sentiment: Several law firms reminded investors of lead-plaintiff deadlines—primarily October 20, 2026, with one notice citing October 26—for a proposed class action covering purchases between September 3, 2025, and February 24, 2026. These notices are largely duplicative and do not indicate a new judgment or settlement. Kaplan Fox GoDaddy Class Action Deadline
• Negative Sentiment: The lawsuit alleges GoDaddy and certain executives misrepresented customer-acquisition and go-to-market trends, including allegedly failing to disclose a $4.99 one-year domain promotion. The allegations relate to the sharp stock decline following the company’s February 24 disclosure and could create legal costs, reputational risk, and continued uncertainty for shareholders. SueWallSt GoDaddy Lawsuit Deadline
• Negative Sentiment: The litigation news also highlights analyst downgrades and price-target reductions after the February disclosure, suggesting concerns about the sustainability of GoDaddy’s customer growth and sales strategy remain an overhang on GDDY. The claims are allegations and have not been proven in court. GoDaddy Securities Fraud Class Action Court Alert

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush reduced their price target on shares of GoDaddy from $109.00 to $93.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Benchmark reduced their price objective on shares of GoDaddy from $185.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Piper Sandler reaffirmed a "neutral" rating and set a $95.00 target price (up from $93.00) on shares of GoDaddy in a research report on Friday, July 31st. Wells Fargo & Company lowered GoDaddy from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $80.00 to $76.00 in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. lowered their price objective on GoDaddy from $154.00 to $124.00 and set an "overweight" rating on the stock in a research report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $110.07.

GoDaddy Profile

GoDaddy Inc NYSE: GDDY is a technology company that provides online tools and services for entrepreneurs, small businesses and individuals. Its offerings are designed to help customers establish, manage and grow an online presence, including domain-name registration, domain search and management, website hosting, professional email and online security services.

The company also provides website-building and commerce solutions that support online stores, appointment scheduling, digital marketing, search-engine optimization, social media management and payment acceptance.

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