Keenan Capital LLC Lowers Holdings in GoDaddy Inc. $GDDY

Keenan Capital LLC reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 22.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,640 shares of the technology company's stock after selling 136,391 shares during the quarter. GoDaddy comprises 7.8% of Keenan Capital LLC's investment portfolio, making the stock its 7th biggest position. Keenan Capital LLC owned about 0.37% of GoDaddy worth $39,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP raised its holdings in GoDaddy by 128.4% during the 2nd quarter. Allworth Financial LP now owns 3,442 shares of the technology company's stock valued at $292,000 after acquiring an additional 1,935 shares during the period. Waverly Advisors LLC bought a new position in shares of GoDaddy in the second quarter worth $294,000. Nykredit A S bought a new position in shares of GoDaddy in the second quarter worth $451,000. Corient Private Wealth LP boosted its holdings in shares of GoDaddy by 15.6% in the second quarter. Corient Private Wealth LP now owns 24,856 shares of the technology company's stock worth $2,109,000 after acquiring an additional 3,345 shares during the period. Finally, Groupe la Francaise purchased a new position in shares of GoDaddy in the second quarter valued at $178,000. 90.28% of the stock is owned by institutional investors.

Insider Activity at GoDaddy

In other news, Director Leah Sweet sold 325 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.44, for a total transaction of $31,668.00. Following the completion of the transaction, the director owned 13,689 shares of the company's stock, valued at approximately $1,333,856.16. The trade was a 2.32% decrease in their ownership of the stock. 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 Bhutani sold 8,194 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total transaction of $829,150.86. Following the completion of the transaction, the chief executive officer owned 504,553 shares in the company, valued at approximately $51,055,718.07. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 26,858 shares of company stock valued at $2,593,081 in the last ninety days. Insiders own 0.93% of the company's stock.

GoDaddy Trading Down 8.1%

Shares of GDDY stock opened at $93.08 on Wednesday. The company has a market capitalization of $11.79 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $150.47. The business's fifty day moving average is $94.03 and its 200 day moving average is $88.00. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The firm's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. On average, equities research analysts anticipate that GoDaddy Inc. will post 7.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on GDDY shares. Cantor Fitzgerald reissued a "neutral" rating and set a $90.00 price objective on shares of GoDaddy in a report on Friday, July 31st. Wedbush reduced their target price on GoDaddy from $109.00 to $93.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. Weiss Ratings upgraded GoDaddy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. B. Riley Financial lowered 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, Wells Fargo & Company lowered shares of GoDaddy from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $80.00 to $76.00 in a research report on Wednesday, August 26th. 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. Based on data from MarketBeat, GoDaddy has a consensus rating of "Hold" and an average price target of $110.07.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Neutral Sentiment: GoDaddy presented at Citi’s 2026 Global TMT Conference, but the available transcript listing did not identify a specific new financial forecast, strategic announcement, or other clear near-term catalyst. GoDaddy Citi conference transcript
• Negative Sentiment: Multiple law firms announced or promoted securities class actions against GoDaddy on behalf of investors who purchased shares between September 3, 2025, and February 24, 2026. The lawsuits allege that GoDaddy misrepresented aspects of its customer-acquisition and go-to-market strategy, as well as domain discount promotions. GoDaddy lawsuit alert
• Negative Sentiment: The litigation follows an earlier single-day stock decline of roughly 14%, which plaintiffs’ firms associate with disclosures about customer-acquisition issues. Continued legal publicity increases uncertainty around potential financial liability, management credibility, and future customer-growth spending. GoDaddy investor alert
• Negative Sentiment: Investor notices highlight upcoming lead-plaintiff deadlines, generally October 20, 2026, while one notice cites October 26. These deadlines do not represent a finding of wrongdoing, but the unusually large number of law-firm announcements reinforces the stock’s legal overhang. Pomerantz GoDaddy investor alert

About GoDaddy

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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