Trexquant Investment LP Purchases New Stake in GoDaddy Inc. $GDDY

Key Points

• Trexquant Investment LP purchased a new stake in GoDaddy Inc., acquiring 45,904 shares valued at approximately $8.27 million during the first quarter.
• A significant 90.28% of GoDaddy's stock is owned by institutional investors, indicating strong interest from hedge funds and institutional buyers.
• GoDaddy reported earnings of $1.41 per share for the recent quarter, exceeding analysts' expectations, with a revenue of $1.22 billion, reflecting an 8.3% increase year-on-year.

Trexquant Investment LP acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,904 shares of the technology company's stock, valued at approximately $8,269,000.

Several other hedge funds also recently modified their holdings of GDDY. BNP Paribas boosted its position in shares of GoDaddy by 2.9% during the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after purchasing an additional 59 shares in the last quarter. City Holding Co. increased its stake in shares of GoDaddy by 30.0% during the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after purchasing an additional 60 shares during the last quarter. Equitable Trust Co. grew its stake in GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock valued at $1,199,000 after buying an additional 64 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in GoDaddy by 0.8% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock valued at $1,435,000 after buying an additional 67 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in GoDaddy by 4.1% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,793 shares of the technology company's stock valued at $344,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Buying and Selling

In other news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $143.53, for a total value of $143,530.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $160.47, for a total transaction of $80,235.00. Following the completion of the sale, the director directly owned 21,457 shares of the company's stock, valued at $3,443,204.79. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,448 shares of company stock worth $3,266,423 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Citigroup reduced their price objective on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. Wells Fargo & Company reduced their price objective on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Raymond James Financial cut their price target on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen cut shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

GoDaddy Price Performance

GDDY stock traded up $1.58 during midday trading on Thursday, reaching $145.07. The company had a trading volume of 797,454 shares, compared to its average volume of 1,588,397. 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 Inc. has a 1 year low of $132.51 and a 1 year high of $216.00. The company has a market capitalization of $20.08 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.60 and a beta of 1.02. The firm has a 50-day moving average price of $159.34 and a 200-day moving average price of $171.96.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping 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 quarter in the previous year, the company earned $1.01 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal 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.