GoDaddy Inc. $GDDY Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 56.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,514 shares of the technology company's stock after selling 70,192 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in GoDaddy were worth $9,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDDY. Goldman Sachs Group Inc. boosted its position in GoDaddy by 257.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock worth $402,946,000 after acquiring an additional 1,610,890 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in GoDaddy by 1,412.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock worth $242,727,000 after acquiring an additional 1,258,324 shares during the last quarter. JPMorgan Chase & Co. boosted its position in GoDaddy by 41.1% during the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock worth $439,525,000 after acquiring an additional 710,842 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in GoDaddy by 893.4% in the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company's stock valued at $116,685,000 after purchasing an additional 582,539 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in GoDaddy by 18,248.7% in the 1st quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock valued at $92,516,000 after purchasing an additional 510,780 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $143.53, for a total value of $143,530.00. Following the sale, the chief operating officer directly owned 252,949 shares of the company's stock, valued at approximately $36,305,769.97. This represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer directly owned 406,065 shares in the company, valued at approximately $60,909,750. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,828 shares of company stock worth $5,424,888 over the last 90 days. Company insiders own 0.70% of the company's stock.

GoDaddy Stock Down 2.2%

GDDY traded down $3.29 during trading hours on Friday, hitting $145.30. 974,323 shares of the company's stock were exchanged, compared to its average volume of 1,542,518. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The firm has a 50 day moving average of $154.93 and a 200 day moving average of $170.42. The firm has a market cap of $20.12 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.02. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. 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 prior year, the firm earned $1.01 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Barclays decreased their target price on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Wells Fargo & Company decreased their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Raymond James Financial reduced their price target on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. Finally, Citigroup reduced their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and a consensus target price of $202.43.

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.