Neuberger Berman Group LLC Reduces Stake in GoDaddy Inc. $GDDY

Key Points

• Neuberger Berman cut its stake in GoDaddy by 12.9% in Q3, selling 222,746 shares and leaving it with 1,509,038 shares (~1.12% of the company) valued at about $207.0 million.
• Significant insider selling has occurred recently — insiders sold 63,005 shares worth ~$5.69M over the last 90 days, including large disposals by the CEO and CFO — which could increase near‑term supply and pressure sentiment.
• GoDaddy posted a Q4 EPS beat ($1.80 vs. $1.58) with revenue up ~6.8% year/year, but analysts have trimmed price targets (consensus remains a "Moderate Buy" with an average target near $132), limiting perceived upside.

Neuberger Berman Group LLC reduced its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,509,038 shares of the technology company's stock after selling 222,746 shares during the quarter. Neuberger Berman Group LLC owned about 1.12% of GoDaddy worth $207,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management boosted its holdings in shares of GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company's stock worth $25,000 after purchasing an additional 85 shares during the period. NewSquare Capital LLC increased its position in shares of GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company's stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Root Financial Partners LLC purchased a new stake in GoDaddy during the 3rd quarter valued at $31,000. Rossby Financial LCC raised its holdings in GoDaddy by 125.4% during the 3rd quarter. Rossby Financial LCC now owns 284 shares of the technology company's stock valued at $38,000 after buying an additional 158 shares during the period. Finally, Bayforest Capital Ltd lifted its position in GoDaddy by 141.5% in the third quarter. Bayforest Capital Ltd now owns 355 shares of the technology company's stock worth $49,000 after buying an additional 208 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GoDaddy news, Director Leah Sweet sold 650 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $86.86, for a total value of $56,459.00. Following the completion of the transaction, the director directly owned 11,414 shares in the company, valued at approximately $991,420.04. The trade was a 5.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 2,397 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the sale, the chief accounting officer directly owned 17,055 shares of the company's stock, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,005 shares of company stock worth $5,690,243 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Q4 results showed an EPS beat (reported $1.80 vs. $1.58 expected) and ~6.8% revenue growth year/year, giving the stock a clear fundamental tailwind. Quarterly Results
• Neutral Sentiment: Sell‑side coverage is mixed but constructive overall — consensus is a "Moderate Buy" with an average target near $132, which limits dramatic upside but keeps placement support from analysts. Analyst Consensus
• Negative Sentiment: Large insider selling this week increases near‑term supply and hurts sentiment: CEO Amanpal Bhutani sold 34,148 shares (avg ~$88.99), CFO Mark McCaffrey sold 17,406 shares, CAO Phontip Palitwanon sold 766 shares, and a director sold 650 shares. These SEC filings are notable because executive disposals at this scale often trigger short‑term selling pressure. CEO Form 4 CFO Form 4 CAO Form 4
• Negative Sentiment: Analysts have trimmed price targets in recent notes (Evercore to $95 with an "In Line" rating; several other firms cut targets), which reduces perceived upside and can prompt portfolio rebalancing by institutions. Evercore Note Analyst Summary

GoDaddy Stock Up 1.0%

Shares of NYSE GDDY opened at $94.08 on Friday. GoDaddy Inc. has a 12-month low of $73.06 and a 12-month high of $193.55. The stock's fifty day simple moving average is $101.23 and its two-hundred day simple moving average is $123.07. The stock has a market capitalization of $12.55 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company posted $1.36 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of GoDaddy from $140.00 to $100.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. Evercore set a $95.00 target price on shares of GoDaddy in a research note on Wednesday, February 25th. Wells Fargo & Company dropped their price target on shares of GoDaddy from $145.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 25th. Morgan Stanley cut their price target on shares of GoDaddy from $159.00 to $145.00 and set an "equal weight" rating on the stock in a report on Thursday, January 15th. Finally, Royal Bank Of Canada reduced their price objective on shares of GoDaddy from $200.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and a consensus target price of $131.93.

GoDaddy Company Profile

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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