California State Teachers Retirement System Reduces Stock Holdings in GoDaddy Inc. $GDDY

California State Teachers Retirement System reduced its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,734 shares of the technology company's stock after selling 13,078 shares during the quarter. California State Teachers Retirement System owned about 0.16% of GoDaddy worth $17,421,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GDDY. BNP Paribas Financial Markets increased its holdings in shares of GoDaddy by 5.7% in the fourth quarter. BNP Paribas Financial Markets now owns 945,202 shares of the technology company's stock valued at $117,281,000 after purchasing an additional 50,959 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in GoDaddy during the fourth quarter worth about $9,303,000. Swiss National Bank grew its holdings in shares of GoDaddy by 4.5% in the 1st quarter. Swiss National Bank now owns 396,500 shares of the technology company's stock worth $32,779,000 after acquiring an additional 17,100 shares during the period. Swedbank AB increased its position in shares of GoDaddy by 433.9% in the fourth quarter. Swedbank AB now owns 645,754 shares of the technology company's stock valued at $80,125,000 after buying an additional 524,811 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of GoDaddy by 22,341.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,142 shares of the technology company's stock worth $14,535,000 after buying an additional 116,620 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Transactions at GoDaddy

In other news, CAO Phontip Palitwanon sold 542 shares of the business's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total transaction of $48,704.12. Following the completion of the sale, the chief accounting officer owned 19,995 shares in the company, valued at approximately $1,796,750.70. The trade was a 2.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sigal Zarmi sold 350 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $87.84, for a total transaction of $30,744.00. Following the sale, the director directly owned 5,708 shares of the company's stock, valued at approximately $501,390.72. This trade represents a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 16,751 shares of company stock valued at $1,480,228. 0.93% of the stock is owned by company insiders.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter adjusted earnings of $1.83 per share, above the roughly $1.69–$1.72 consensus range, while revenue rose 6.6% year over year to approximately $1.30 billion, slightly exceeding estimates. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was supported by rising average revenue per user, strength across both business segments and accelerating adoption of Airo, GoDaddy’s AI-powered product suite. Airo’s annualized recurring revenue reportedly increased fivefold to $50 million, helping drive record margins and free cash flow. GoDaddy Q2 Earnings Call Highlights
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion full-year free-cash-flow target. Full-year revenue guidance remains $5.2 billion to $5.3 billion. GoDaddy Forecasts Q3 Revenue and Reaffirms Free Cash Flow
• Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reaffirmed a Neutral rating with a $90 target, while Benchmark maintained Buy despite reducing its target to $140. Raymond James cut GoDaddy from Strong Buy to Outperform and set a $100 target, citing limited visibility. Raymond James Analyst Action
• Negative Sentiment: Investors viewed the quarterly outlook as underwhelming relative to expectations, with several reports describing the guidance as weak despite the earnings beat. Concerns also persist that AI could pressure GoDaddy’s traditional website and domain businesses and weigh on future margins. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: Bearish trading activity intensified, with put-option volume reaching 11,680 contracts—nearly five times the typical daily level. Separate law-firm investigations into potential securities-law violations added another source of investor uncertainty.

Wall Street Analyst Weigh In

GDDY has been the subject of several recent research reports. Piper Sandler restated a "neutral" rating and set a $95.00 target price (up from $93.00) on shares of GoDaddy in a report on Friday. Wells Fargo & Company reduced their price target on shares of GoDaddy from $83.00 to $80.00 and set an "equal weight" rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of GoDaddy from $154.00 to $124.00 and set an "overweight" rating on the stock in a research report on Thursday, June 18th. UBS Group started coverage on shares of GoDaddy in a research note on Tuesday, May 5th. They set a "neutral" rating and a $100.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded GoDaddy to a "buy" rating in a research report on Friday. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, GoDaddy presently has an average rating of "Moderate Buy" and an average target price of $111.93.

GoDaddy Price Performance

GoDaddy stock opened at $82.79 on Monday. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.74 and a beta of 0.90. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.67 and a current ratio of 0.63. The firm has a 50 day moving average price of $86.64 and a 200 day moving average price of $88.62. GoDaddy Inc. has a 1 year low of $71.59 and a 1 year high of $165.11.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts predict that GoDaddy Inc. will post 7.18 earnings per share for the current year.

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company's core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.

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