GoDaddy Inc. $GDDY Stock: Assenagon Asset Management S.A. Raises Stake

Assenagon Asset Management S.A. lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 24.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 558,912 shares of the technology company's stock after purchasing an additional 109,039 shares during the quarter. Assenagon Asset Management S.A. owned 0.44% of GoDaddy worth $53,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GDDY. International Assets Investment Management LLC increased its stake in GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company's stock valued at $30,000 after purchasing an additional 180 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of GoDaddy during the first quarter valued at $33,000. Perkins Coie Trust Co bought a new position in shares of GoDaddy during the second quarter valued at $34,000. Elevation Wealth Partners LLC lifted its holdings in shares of GoDaddy by 109.3% during the third quarter. Elevation Wealth Partners LLC now owns 473 shares of the technology company's stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of GoDaddy by 34.7% during the third quarter. Mather Group LLC. now owns 811 shares of the technology company's stock valued at $77,000 after buying an additional 209 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GDDY shares. Wedbush reduced their price objective on GoDaddy from $109.00 to $93.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. Wells Fargo & Company cut shares of GoDaddy from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $80.00 to $76.00 in a research note on Wednesday, August 26th. Benchmark lowered their target price on shares of GoDaddy from $185.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. B. Riley Financial dropped their price target on shares of GoDaddy from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of GoDaddy to a "buy" rating in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of "Hold" and an average price target of $110.38.

GoDaddy Stock Down 1.3%

GDDY stock opened at $105.86 on Friday. GoDaddy Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $137.93. The business's 50-day moving average is $98.56 and its two-hundred day moving average is $90.64. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 15.71 and a beta of 0.94.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm posted $1.41 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts forecast that GoDaddy Inc. will post 7.23 earnings per share for the current year.

Key GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy expanded its Developer Platform with APIs for hosting, professional email and commerce. The company says the connected, programmable tools are designed to help developers and AI agents build and move businesses online, potentially increasing platform usage and monetization. GoDaddy Expands Developer Platform
• Neutral Sentiment: Several law firms, including Bronstein Gewirtz & Grossman, Kaplan Fox, Bleichmar Fonti & Auld, Rosen and others, are soliciting investors to seek lead-plaintiff status in a pending class action. Investors who purchased GoDaddy shares between September 3, 2025, and February 24, 2026, face a lead-plaintiff deadline of October 20, 2026. These announcements largely repeat the same litigation notice rather than represent separate confirmed judgments. Kaplan Fox class action announcement
• Negative Sentiment: The lawsuits allege that GoDaddy and certain executives violated federal securities laws and failed to disclose information related to an alleged $4.99 one-year domain promotion. The firms claim the disclosures—or lack thereof—contributed to a significant stock decline and may have harmed shareholders. The allegations have not been proven, but continued legal notices can weigh on sentiment and raise uncertainty over potential costs, damages and management attention. GoDaddy securities fraud class action announcement

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Bhutani sold 4,500 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $97.50, for a total value of $438,750.00. Following the completion of the sale, the chief executive officer directly owned 500,053 shares of the company's stock, valued at $48,755,167.50. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Phontip Palitwanon sold 530 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $101.19, for a total transaction of $53,630.70. Following the sale, the chief accounting officer owned 17,204 shares in the company, valued at $1,740,872.76. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,358 shares of company stock valued at $3,031,831 in the last ninety days. 0.93% of the stock is currently owned by company insiders.

About GoDaddy

GoDaddy Inc NYSE: GDDY is a technology company that provides domain name registration and online services for individuals, entrepreneurs, and small businesses. Its platform enables customers to search for and manage domain names, establish an online presence, and build and maintain websites.

The company offers website and ecommerce tools, managed web hosting, business email, online marketing services, and website security products. GoDaddy also provides tools designed to help businesses manage digital content, customer engagement, appointments, payments, and other day-to-day online activities through an integrated platform.

Founded in 1997 as Jomax Technologies by entrepreneur Bob Parsons, the company later adopted the GoDaddy name and grew into a global provider of online services.

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