State of Wyoming increased its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 349.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,521 shares of the technology company's stock after acquiring an additional 1,960 shares during the period. State of Wyoming's holdings in GoDaddy were worth $454,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy in the first quarter worth approximately $27,000. Private Trust Co. NA boosted 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 worth $29,000 after acquiring an additional 136 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in GoDaddy in the first quarter valued at approximately $30,000. Finally, GW&K Investment Management LLC raised its holdings in 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 buying an additional 194 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently commented on GDDY shares. Royal Bank Of Canada cut their price target on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. JPMorgan Chase & Co. raised their price target on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Raymond James Financial cut their price target 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. Finally, Wells Fargo & Company cut their price target on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $202.43.
Read Our Latest Stock Analysis on GDDY
Insider Buying and Selling at GoDaddy
In other GoDaddy news, CAO Phontip Palitwanon sold 2,173 shares of GoDaddy stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $177.87, for a total value of $386,511.51. Following the completion of the transaction, the chief accounting officer owned 21,198 shares of the company's stock, valued at $3,770,488.26. The trade was a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $169.59, for a total transaction of $169,590.00. Following the transaction, the chief operating officer directly owned 253,949 shares of the company's stock, valued at approximately $43,067,210.91. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,881 shares of company stock worth $5,869,390. Company insiders own 0.70% of the company's stock.
GoDaddy Trading Up 0.3%
GDDY opened at $148.24 on Friday. The firm has a market capitalization of $20.52 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.60 and a beta of 1.08. The firm's 50 day moving average is $161.29 and its 200-day moving average is $172.87. GoDaddy Inc. has a 52-week low of $132.51 and a 52-week high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.
GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.
GoDaddy Company Profile
(
Free Report)
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GoDaddy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GoDaddy wasn't on the list.
While GoDaddy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.