Thematics Asset Management Sells 5,945 Shares of GoDaddy Inc. $GDDY

Key Points

• Thematics Asset Management reduced its stake in GoDaddy Inc. by 17.8%, selling 5,945 shares during the 1st quarter and now holding 27,422 shares worth approximately $4.94 million.
• GoDaddy's recent earnings report revealed an EPS of $1.41, surpassing analyst expectations and showing a 8.3% increase in revenue year-over-year.
• Analysts have mixed ratings for GoDaddy, with price targets ranging from $157 to $240, while the consensus rating is "Moderate Buy" with an average target price of $202.43.

Thematics Asset Management reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 17.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,422 shares of the technology company's stock after selling 5,945 shares during the quarter. Thematics Asset Management's holdings in GoDaddy were worth $4,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company's stock valued at $3,266,697,000 after purchasing an additional 462,807 shares in the last quarter. WCM Investment Management LLC raised its holdings in GoDaddy by 2.0% in the 1st quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company's stock valued at $620,931,000 after acquiring an additional 67,152 shares during the last quarter. Invesco Ltd. lifted its stake in shares of GoDaddy by 13.8% during the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock worth $597,317,000 after purchasing an additional 401,918 shares during the period. Wellington Management Group LLP lifted its stake in shares of GoDaddy by 13.4% during the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock worth $567,017,000 after purchasing an additional 371,188 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of GoDaddy by 41.1% during the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock worth $439,525,000 after purchasing an additional 710,842 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GDDY shares. Royal Bank Of Canada cut their price objective on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Wall Street Zen lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price objective on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Barclays reduced their price target on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $202.43.

Insiders Place Their Bets

In other news, Director Leah Sweet sold 650 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total transaction of $91,741.00. Following the completion of the transaction, the director owned 12,064 shares in the company, valued at approximately $1,702,712.96. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark Mccaffrey sold 625 shares of GoDaddy stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total transaction of $110,675.00. Following the completion of the transaction, the chief financial officer owned 73,459 shares in the company, valued at approximately $13,008,119.72. This trade represents a 0.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,881 shares of company stock valued at $5,869,390. 0.70% of the stock is currently owned by insiders.

GoDaddy Stock Performance

Shares of NYSE GDDY traded up $0.07 during midday trading on Thursday, hitting $147.94. 1,825,682 shares of the company's stock were exchanged, compared to its average volume of 1,591,089. GoDaddy Inc. has a twelve month low of $132.51 and a twelve month high of $216.00. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $20.48 billion, a P/E ratio of 26.42, a PEG ratio of 1.58 and a beta of 1.08. The stock's 50 day moving average price is $162.39 and its 200-day moving average price is $173.94.

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

About GoDaddy

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.