GoDaddy Inc. $GDDY Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems reduced its GoDaddy stake by 12.9% in the third quarter, selling 37,800 shares and retaining 255,900 shares valued at approximately $24.4 million. Institutional investors collectively own 90.28% of GoDaddy.
• GoDaddy reported quarterly earnings of $2.08 per share on $1.34 billion in revenue, beating analyst estimates, while revenue grew 6.1% year over year. Management also cited accelerating adoption of its Airo offering and expects to reach the high end of its full-year revenue guidance.
• GDDY shares were trading at $117.55, up 11%, while analysts maintained a consensus “Hold” rating with an average price target of $111.75. Recent insider activity was also negative, with insiders selling more than 31,000 shares over the past 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 12.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,900 shares of the technology company's stock after selling 37,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.20% of GoDaddy worth $24,441,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its stake in GoDaddy by 27.0% during the first quarter. Renaissance Technologies LLC now owns 553,300 shares of the technology company's stock worth $45,741,000 after acquiring an additional 117,800 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of GoDaddy in the second quarter worth about $28,938,000. Swiss National Bank lifted its holdings in shares of GoDaddy by 4.5% in the first quarter. Swiss National Bank now owns 396,500 shares of the technology company's stock worth $32,779,000 after acquiring an additional 17,100 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $9,306,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $3,086,000. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Trading Up 11.0%

Shares of GDDY stock opened at $117.55 on Friday. GoDaddy Inc. has a twelve month low of $71.59 and a twelve month high of $137.93. The stock's fifty day simple moving average is $101.42 and its 200 day simple moving average is $92.14. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 561.10. The firm has a market capitalization of $14.89 billion, a P/E ratio of 16.08 and a beta of 0.94.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, October 29th. The technology company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.90 by $0.18. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. GoDaddy had a return on equity of 628.36% and a net margin of 18.56%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $1.51 earnings per share. As a group, sell-side analysts predict that GoDaddy Inc. will post 7.35 EPS for the current fiscal year.

Insider Activity at GoDaddy

In other news, Director Leah Sweet sold 325 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.44, for a total value of $31,668.00. Following the completion of the transaction, the director owned 13,689 shares of the company's stock, valued at $1,333,856.16. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sigal Zarmi sold 350 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total transaction of $34,104.00. Following the completion of the transaction, the director owned 8,283 shares of the company's stock, valued at approximately $807,095.52. This trade represents a 4.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 31,358 shares of company stock valued at $3,031,831. Corporate insiders own 0.93% of the company's stock.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. GoDaddy reported adjusted earnings of $2.08 per share, ahead of estimates ranging from $1.82 to $1.90 and up from $1.51 a year earlier. Revenue increased 6.1% year over year to approximately $1.34 billion, slightly above the $1.33 billion consensus. GoDaddy Inc. Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Airo momentum is strengthening the growth outlook. Management highlighted accelerating customer adoption and monetization of Airo, with its annualized revenue run rate reportedly surpassing $100 million and doubling from the prior year. Broader growth across GoDaddy’s segments also contributed to the quarter’s performance. GDDY Q3 Earnings Beat Estimates on Revenue Growth and Airo Gains
• Positive Sentiment: Management expects to reach the high end of its full-year revenue guidance. That outlook reinforces investor confidence that product improvements, customer monetization and Airo-related demand can sustain growth. GoDaddy expects to hit high end of full-year revenue guidance
• Neutral Sentiment: The earnings-call transcript provided additional detail on Airo, customer trends, margins and the company’s forward strategy, but did not identify a major new risk beyond the factors disclosed with the results. GoDaddy Q3 2026 Earnings Call Transcript
• Negative Sentiment: A shareholder lawsuit has been announced, creating a potential legal and reputational overhang. The notice solicits investors who purchased shares before September 2025; the allegations and potential financial impact were not detailed in the provided report. Lawsuit Alert: GoDaddy Investors Should Contact the Shareholders Foundation

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of GoDaddy from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Cantor Fitzgerald upped their price objective on shares of GoDaddy from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Monday, October 19th. Piper Sandler reissued a "neutral" rating and issued a $95.00 price objective (up from $93.00) on shares of GoDaddy in a research note on Friday, July 31st. Royal Bank Of Canada lowered shares of GoDaddy from an "outperform" rating to a "sector perform" rating and set a $95.00 target price on the stock. in a research report on Sunday, October 11th. Finally, Wedbush decreased their target price on shares of GoDaddy from $109.00 to $93.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.75.

About GoDaddy

GoDaddy Inc NYSE: GDDY is a global technology company that provides online tools and services to entrepreneurs, small businesses and individuals. Its platform helps customers establish, manage and grow an online presence, with offerings that include domain-name registration, website hosting, website and online-store builders, professional email and digital marketing tools.

The company also provides services designed to support commerce and customer engagement, including e-commerce functionality, online appointment scheduling, payments and other business-management capabilities.

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