GoDaddy Inc. $GDDY Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in GoDaddy Inc. by 69.9% in the second quarter, selling over 218,487 shares to hold approximately 94,028 shares valued at $16.93 million.
• Insider trading activity saw GoDaddy's CFO Mark McCaffrey sell 3,326 shares for nearly $473,000, while the CAO also sold 777 shares, indicating a decrease in their ownership levels.
• GoDaddy's recent quarterly earnings exceeded expectations, with an EPS of $1.41 and revenue of $1.22 billion, reflecting an 8.3% year-over-year increase in revenue.

Robeco Institutional Asset Management B.V. reduced its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 69.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,028 shares of the technology company's stock after selling 218,487 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of GoDaddy worth $16,931,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its holdings 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 acquiring an additional 79 shares during the last quarter. Park Square Financial Group LLC bought a new stake in GoDaddy during the first quarter valued at $27,000. Private Trust Co. NA raised its holdings in shares of GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after purchasing an additional 136 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of GoDaddy in the 1st quarter worth about $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy in the 1st quarter valued at about $36,000. Institutional investors own 90.28% of the company's stock.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 777 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares of the company's stock, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,203 shares of company stock worth $4,200,828 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Stock Up 0.7%

Shares of GoDaddy stock opened at $134.92 on Friday. The business's fifty day moving average price is $146.38 and its two-hundred day moving average price is $166.83. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $18.68 billion, a P/E ratio of 24.09, a PEG ratio of 1.46 and a beta of 0.98. GoDaddy Inc. has a 1-year low of $131.29 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company dropped their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. UBS Group reduced their price objective on GoDaddy from $215.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of GoDaddy in a research report on Saturday, September 27th. Finally, Piper Sandler set a $182.00 target price on GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.79.

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.

Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoDaddy Inc. (NYSE:GDDY - Free Report).

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.