Credit Agricole S A Buys 3,524 Shares of GoDaddy Inc. $GDDY

Key Points

• Credit Agricole S A increased its ownership in GoDaddy Inc. by 7.9%, acquiring an additional 3,524 shares for a total holding of 47,957 shares, valued at approximately $8.64 million.
• Insider activities included CFO Mark Mccaffrey selling 3,317 shares and COO Roger Chen selling 1,000 shares, reflecting decreases in their ownership positions.
• GoDaddy reported earnings of $1.41 EPS for the last quarter, which exceeded analyst expectations and showcased an 8.3% year-over-year revenue growth.

Credit Agricole S A raised its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,957 shares of the technology company's stock after buying an additional 3,524 shares during the quarter. Credit Agricole S A's holdings in GoDaddy were worth $8,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. BNP Paribas increased its holdings in 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 last quarter. City Holding Co. increased its holdings in GoDaddy by 30.0% during the first quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after buying an additional 60 shares during the last quarter. Equitable Trust Co. increased its holdings in GoDaddy by 1.0% during the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock worth $1,199,000 after buying an additional 64 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in GoDaddy by 0.8% during the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock worth $1,435,000 after buying an additional 67 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in GoDaddy by 4.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,793 shares of the technology company's stock worth $344,000 after buying an additional 71 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,317 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total value of $596,429.77. Following the transaction, the chief financial officer directly owned 74,084 shares in the company, valued at approximately $13,321,044.04. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $169.59, for a total transaction of $169,590.00. Following the sale, the chief operating officer directly owned 253,949 shares of the company's stock, valued at $43,067,210.91. This represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,881 shares of company stock valued at $5,869,390. 0.70% of the stock is currently owned by insiders.

GoDaddy Price Performance

NYSE:GDDY opened at $146.0130 on Friday. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. The company has a market cap of $20.22 billion, a P/E ratio of 26.07, a P/E/G ratio of 1.58 and a beta of 1.08. The firm's fifty day moving average price is $164.80 and its two-hundred day moving average price is $175.70. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating 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 in the previous year, the company earned $1.01 earnings per share. The company's quarterly revenue 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 expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analysts Set New Price Targets

GDDY has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Citigroup lowered their target price on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Raymond James Financial lowered their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Benchmark reiterated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. One equities research 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's stock. According to MarketBeat, GoDaddy presently has an average rating of "Moderate Buy" and an average price target of $202.43.

GoDaddy 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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