Retireful LLC Sells 1,923 Shares of GoDaddy Inc. $GDDY

Key Points

• Retireful LLC reduced its stake in GoDaddy Inc. by 30.7%, selling 1,923 shares and now holding 4,349 shares valued at approximately $783,000.
• Insider selling included COO Roger Chen and CEO Amanpal Singh Bhutani, who sold 1,000 and 6,950 shares, respectively, with Chen retaining approximately 253,949 shares valued at over $43 million.
• Analysts have a consensus rating of "Moderate Buy" for GoDaddy's stock, with price targets ranging from $157 to $214, following strong quarterly earnings exceeding consensus estimates.

Retireful LLC lowered its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 30.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,349 shares of the technology company's stock after selling 1,923 shares during the period. Retireful LLC's holdings in GoDaddy were worth $783,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of GoDaddy in the first quarter worth approximately $27,000. Private Trust Co. NA boosted its stake in GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in GoDaddy in the 1st quarter worth about $30,000. Finally, Banque Transatlantique SA purchased a new position in GoDaddy in the 1st quarter worth about $36,000. 90.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $169.59, for a total transaction of $169,590.00. Following the completion of the sale, the chief operating officer owned 253,949 shares of the company's stock, valued at approximately $43,067,210.91. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the completion of the sale, the chief executive officer owned 412,065 shares of the company's stock, valued at $58,599,763.65. The trade was a 1.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,828 shares of company stock worth $5,394,638 over the last ninety days. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GDDY. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the stock an "overweight" rating in a research note on Friday, August 8th. Citigroup lowered their price target on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Raymond James Financial cut their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. Wells Fargo & Company cut their price objective on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Finally, Barclays lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and a consensus price target of $202.43.

GoDaddy Stock Up 0.2%

Shares of NYSE GDDY opened at $143.34 on Thursday. GoDaddy Inc. has a 1 year low of $132.51 and a 1 year high of $216.00. The firm has a 50-day simple moving average of $150.62 and a two-hundred day simple moving average of $168.75. The company has a market cap of $19.85 billion, a P/E ratio of 25.60, a PEG ratio of 1.55 and a beta of 1.02. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.

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