Petrus Trust Company LTA Acquires New Position in GoDaddy Inc. $GDDY

Petrus Trust Company LTA purchased a new position in GoDaddy Inc. (NYSE:GDDY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,432 shares of the technology company's stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of GoDaddy by 2.6% in the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company's stock worth $3,266,697,000 after buying an additional 462,807 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of GoDaddy by 2.0% in the first quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company's stock worth $620,931,000 after buying an additional 67,152 shares in the last quarter. Invesco Ltd. lifted its stake in shares of GoDaddy by 13.8% in the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock worth $597,317,000 after buying an additional 401,918 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of GoDaddy by 13.4% in the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock worth $567,017,000 after buying an additional 371,188 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of GoDaddy by 41.1% in the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock worth $439,525,000 after buying an additional 710,842 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Trading Down 2.2%

Shares of GDDY traded down $3.29 during trading on Friday, reaching $145.30. 974,323 shares of the company traded hands, compared to its average volume of 1,542,518. GoDaddy Inc. has a twelve month low of $132.51 and a twelve month high of $216.00. The stock has a market cap of $20.12 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.02. The stock has a 50-day simple moving average of $154.93 and a 200-day simple moving average of $170.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the business earned $1.01 earnings per share. The business'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. On average, analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

GDDY has been the topic of several research reports. Raymond James Financial decreased 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. Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the stock an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada reduced their target price on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company reduced their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Finally, Barclays reduced their target price on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. One equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction dated 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 $60,909,750. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $143.53, for a total transaction of $143,530.00. Following the sale, the chief operating officer owned 252,949 shares of the company's stock, valued at approximately $36,305,769.97. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,828 shares of company stock valued at $5,424,888. 0.70% of the stock is currently owned by company insiders.

GoDaddy 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.