GoDaddy Inc. $GDDY Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors cut its GoDaddy stake by 29%, selling 308,487 shares and retaining 753,557 shares worth approximately $62.3 million. Institutional investors collectively own 90.28% of the company.
• GoDaddy’s latest quarter exceeded expectations, with adjusted EPS of $1.83 and revenue of about $1.30 billion, up 6.6% year over year. Growth was supported by increased adoption of its AI-powered Airo suite, whose annualized recurring revenue reportedly reached $50 million.
• Despite the earnings beat, investors remain cautious about the company’s outlook and AI-related risks; analyst ratings are mixed, with a consensus “Moderate Buy” rating and average price target of $111.93.

Dimensional Fund Advisors LP lowered its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 29.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 753,557 shares of the technology company's stock after selling 308,487 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.57% of GoDaddy worth $62,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of GoDaddy in the 4th quarter valued at $25,000. Activest Wealth Management raised its stake in GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company's stock worth $25,000 after acquiring an additional 198 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GoDaddy in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its position in GoDaddy by 145.6% in the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company's stock valued at $35,000 after acquiring an additional 150 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in GoDaddy by 191.0% in the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company's stock valued at $32,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

More GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter adjusted earnings of $1.83 per share, above the roughly $1.69–$1.72 consensus range, while revenue rose 6.6% year over year to approximately $1.30 billion, slightly exceeding estimates. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was supported by rising average revenue per user, strength across both business segments and accelerating adoption of Airo, GoDaddy’s AI-powered product suite. Airo’s annualized recurring revenue reportedly increased fivefold to $50 million, helping drive record margins and free cash flow. GoDaddy Q2 Earnings Call Highlights
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion full-year free-cash-flow target. Full-year revenue guidance remains $5.2 billion to $5.3 billion. GoDaddy Forecasts Q3 Revenue and Reaffirms Free Cash Flow
• Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reaffirmed a Neutral rating with a $90 target, while Benchmark maintained Buy despite reducing its target to $140. Raymond James cut GoDaddy from Strong Buy to Outperform and set a $100 target, citing limited visibility. Raymond James Analyst Action
• Negative Sentiment: Investors viewed the quarterly outlook as underwhelming relative to expectations, with several reports describing the guidance as weak despite the earnings beat. Concerns also persist that AI could pressure GoDaddy’s traditional website and domain businesses and weigh on future margins. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: Bearish trading activity intensified, with put-option volume reaching 11,680 contracts—nearly five times the typical daily level. Separate law-firm investigations into potential securities-law violations added another source of investor uncertainty.

Insider Activity

In other GoDaddy news, Director Sigal Zarmi sold 350 shares of GoDaddy stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $87.84, for a total value of $30,744.00. Following the sale, the director owned 5,708 shares of the company's stock, valued at approximately $501,390.72. The trade was a 5.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Amanpal Singh Bhutani sold 8,373 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total value of $752,397.78. Following the transaction, the chief executive officer owned 521,747 shares in the company, valued at $46,884,185.42. The trade was a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 16,751 shares of company stock valued at $1,480,228. Company insiders own 0.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Raymond James Financial lowered GoDaddy from a "strong-buy" rating to an "outperform" rating and set a $100.00 price objective on the stock. in a report on Friday. Piper Sandler reissued a "neutral" rating and issued a $95.00 target price (up from $93.00) on shares of GoDaddy in a report on Friday. JPMorgan Chase & Co. decreased their target price on GoDaddy from $154.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, June 18th. Wedbush restated an "outperform" rating on shares of GoDaddy in a research note on Tuesday. Finally, Wells Fargo & Company cut their price target on GoDaddy from $83.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $111.93.

GoDaddy Stock Performance

NYSE:GDDY opened at $82.79 on Friday. The firm's fifty day moving average price is $86.64 and its 200 day moving average price is $88.79. GoDaddy Inc. has a 1-year low of $71.59 and a 1-year high of $165.11. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. GoDaddy had a net margin of 17.83% and a return on equity of 501.82%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the company posted $1.41 EPS. GoDaddy's revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that GoDaddy Inc. will post 7.18 EPS for the current year.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company's core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.

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