Engineers Gate Manager LP Has $3.22 Million Stock Position in GoDaddy Inc. $GDDY

Key Points

• Engineers Gate Manager LP cut its GoDaddy stake by 81.9% in the second quarter, selling 171,321 shares and retaining 37,938 shares valued at approximately $3.22 million. Institutional investors collectively own 90.28% of the company.
• GoDaddy exceeded quarterly expectations, reporting $1.83 in EPS versus a $1.69 consensus estimate and $1.30 billion in revenue, up 6.6% year over year. Analysts have a consensus “Hold” rating and an average price target of $110.07.
• Several analysts recently lowered their price targets or ratings, while insiders sold roughly $2.59 million of stock over the past 90 days. GoDaddy also faces investor lawsuits alleging misstatements about its go-to-market strategy and discounting practices, though the allegations remain unproven.

Engineers Gate Manager LP cut its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 81.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,938 shares of the technology company's stock after selling 171,321 shares during the period. Engineers Gate Manager LP's holdings in GoDaddy were worth $3,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC acquired a new position in GoDaddy during the 2nd quarter valued at about $216,000. Integrated Wealth Concepts LLC purchased a new stake in GoDaddy in the 2nd quarter valued at $441,000. NewEdge Advisors LLC raised its position in GoDaddy by 287.4% in the 2nd quarter. NewEdge Advisors LLC now owns 17,130 shares of the technology company's stock valued at $1,454,000 after buying an additional 12,708 shares during the last quarter. IFP Advisors Inc lifted its stake in GoDaddy by 70.3% during the 2nd quarter. IFP Advisors Inc now owns 2,935 shares of the technology company's stock valued at $249,000 after acquiring an additional 1,212 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in GoDaddy by 128.4% during the 2nd quarter. Allworth Financial LP now owns 3,442 shares of the technology company's stock worth $292,000 after acquiring an additional 1,935 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Down 0.1%

GDDY opened at $97.93 on Monday. GoDaddy Inc. has a twelve month low of $71.59 and a twelve month high of $148.58. The company's 50-day moving average price is $94.51 and its two-hundred day moving average price is $88.14. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.88 and a beta of 0.94. 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 issued its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. GoDaddy's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS. As a group, equities analysts expect that GoDaddy Inc. will post 7.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of GoDaddy from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $80.00 to $76.00 in a research report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price objective on shares of GoDaddy from $154.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, June 18th. Cantor Fitzgerald restated a "neutral" rating and issued a $90.00 target price on shares of GoDaddy in a research note on Friday, July 31st. B. Riley Financial decreased their price target on GoDaddy from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered GoDaddy to a "buy" rating in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GoDaddy presently has an average rating of "Hold" and a consensus price target of $110.07.

Insiders Place Their Bets

In other news, CEO Amanpal Bhutani sold 8,194 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total transaction of $829,150.86. Following the transaction, the chief executive officer owned 504,553 shares of the company's stock, valued at $51,055,718.07. This represents a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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, CAO Phontip Palitwanon sold 530 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total value of $53,630.70. Following the transaction, the chief accounting officer owned 17,204 shares of the company's stock, valued at $1,740,872.76. The trade was a 2.99% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 26,858 shares of company stock valued at $2,593,081. Company insiders own 0.93% of the company's stock.

Key GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Negative Sentiment: The lawsuit covers investors who purchased GoDaddy shares between September 3, 2025, and February 24, 2026. The complaint alleges that GoDaddy made material misstatements or omissions about its go-to-market strategy and discounting practices, including an allegedly undisclosed $4.99 one-year domain promotion. GDDY Shareholder Alert
• Negative Sentiment: Investors may remain concerned about potential financial damages, management credibility and disclosure controls. The complaint names CEO Aman Bhutani and CFO Mark McCaffrey in control-person claims, although the allegations have not been proven and the litigation’s ultimate cost is uncertain. GDDY Class Alert
• Neutral Sentiment: Several firms are soliciting investors to seek lead-plaintiff status. The primary deadline cited by Kaplan Fox and other firms is October 20, 2026, while one notice cites an October 26 court deadline. These announcements largely repeat the same lawsuit details and do not represent separate legal actions. Kaplan Fox Class Action Announcement

GoDaddy Company 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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