8,149 Shares in GoDaddy Inc. $GDDY Purchased by Strs Ohio

Key Points

• Strs Ohio has invested approximately $1.47 million in GoDaddy Inc., purchasing 8,149 shares of the technology company during the first quarter.
• Recent insider activity includes the COO and CEO selling shares, reducing their stakes by 0.39% and 1.66%, respectively, amid a total sale of 33,828 shares worth about $5.25 million over the last quarter.
• Despite a 1.0% decline in stock value, GoDaddy's quarterly revenue was up 8.3% year-over-year, and the company reported $1.41 EPS, exceeding analysts' expectations.

Strs Ohio bought a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,149 shares of the technology company's stock, valued at approximately $1,468,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GDDY. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 462,807 shares in the last quarter. WCM Investment Management LLC raised its holdings 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 valued at $620,931,000 after buying an additional 67,152 shares during the last quarter. Invesco Ltd. raised its holdings 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 valued at $597,317,000 after buying an additional 401,918 shares during the last quarter. Wellington Management Group LLP increased its position in GoDaddy by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock valued at $567,017,000 after acquiring an additional 371,188 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after acquiring an additional 710,842 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Price Performance

Shares of GDDY stock traded down $1.43 during trading hours on Friday, hitting $144.93. 3,507,130 shares of the company's stock were exchanged, compared to its average volume of 1,405,050. The company has a market capitalization of $20.07 billion, a PE ratio of 25.88, a PEG ratio of 1.58 and a beta of 1.02. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The business's 50 day simple moving average is $152.05 and its 200-day simple moving average is $169.36. 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 released its 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 return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $1.01 EPS. GoDaddy'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, equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Ratings Changes

GDDY has been the topic of several research reports. Citigroup reduced their price objective on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Barclays reduced their target price on 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 reduced their target price on 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 dropped their price target on 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, Royal Bank Of Canada decreased their price objective on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a report 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 issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.43.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the sale, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the company'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 $110,497.17. Following the completion of the transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,828 shares of company stock valued at $5,394,638. 0.70% of the stock is currently owned by corporate insiders.

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.