VeriStar Capital Management LP Has $5.84 Million Position in GoDaddy Inc. $GDDY

Key Points

• VeriStar Capital Management LP increased its stake in GoDaddy Inc. by 17.9%, which now constitutes about 10.7% of its total holdings, making it the firm's second-largest position.
• Insider trading activity includes CEO Amanpal Singh Bhutani selling 6,000 shares valued at approximately $956,760 and COO Roger Chen selling 1,000 shares for around $143,530.
• GoDaddy reported earnings of $1.41 per share for the last quarter, surpassing consensus estimates of $1.34, with revenue slightly exceeding expectations at $1.22 billion.

VeriStar Capital Management LP boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,427 shares of the technology company's stock after buying an additional 4,930 shares during the quarter. GoDaddy makes up approximately 10.7% of VeriStar Capital Management LP's investment portfolio, making the stock its 2nd largest position. VeriStar Capital Management LP's holdings in GoDaddy were worth $5,841,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after buying an additional 79 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of GoDaddy in the first quarter valued at approximately $27,000. Private Trust Co. NA grew its position in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the first quarter valued at approximately $30,000. Finally, GW&K Investment Management LLC grew its position in shares of GoDaddy by 307.9% in the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock valued at $46,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Activity

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,950 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $988,359.50. Following the completion of the sale, the chief executive officer directly owned 412,065 shares in the company, valued at $58,599,763.65. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 3,326 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares of the company's stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,001 shares of company stock valued at $4,911,400. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GDDY shares. Barclays decreased their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research 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 report on Friday, August 8th. Citigroup decreased their target price on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded GoDaddy from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. 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 issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.43.

GoDaddy Price Performance

NYSE GDDY traded up $0.15 on Friday, hitting $145.07. 1,280,245 shares of the company's stock were exchanged, compared to its average volume of 2,122,474. The stock has a 50-day moving average of $157.99 and a 200-day moving average of $171.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week high of $216.00. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.57 and a beta of 1.02.

GoDaddy (NYSE:GDDY - Get Free Report) last released its 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 return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior 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. Analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.