GoDaddy Inc. $GDDY Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in GoDaddy Inc. by 6.4% during Q1, now holding 33,434 shares worth $6,023,000.
• GoDaddy's recent earnings report showed $1.41 earnings per share, surpassing estimates, with revenue growth of 8.3% year-over-year.
• Institutional investors now control 90.28% of GoDaddy's stock, indicating strong interest from large investment firms.

UniSuper Management Pty Ltd boosted its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,434 shares of the technology company's stock after buying an additional 2,020 shares during the period. UniSuper Management Pty Ltd's holdings in GoDaddy were worth $6,023,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after purchasing 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 increased its holdings 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 period. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the first quarter valued at approximately $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Up 0.1%

GoDaddy stock opened at $145.07 on Monday. 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 Inc. has a 1-year low of $132.51 and a 1-year high of $216.00. The company has a market cap of $20.09 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. The stock's 50 day moving average price is $157.99 and its 200 day moving average price is $171.38.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GDDY. Barclays dropped their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. Wall Street Zen lowered GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank Of Canada dropped their target price on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Finally, Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. One investment 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $202.43.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of the business'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 $472,990.46. Following the sale, the chief financial officer directly owned 70,133 shares in the company, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the business'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 $988,359.50. Following the sale, the chief executive officer owned 412,065 shares in the company, valued at approximately $58,599,763.65. The trade was a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,001 shares of company stock valued at $4,911,400 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

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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