Aberdeen Group plc Buys 8,112 Shares of GoDaddy Inc. $GDDY

Aberdeen Group plc increased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 106,771 shares of the technology company’s stock after acquiring an additional 8,112 shares during the quarter. Aberdeen Group plc’s holdings in GoDaddy were worth $19,225,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Equitable Trust Co. grew its stake in shares of GoDaddy by 1.0% during the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 64 shares during the last quarter. CX Institutional grew its stake in shares of GoDaddy by 13.1% during the second quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP lifted its holdings in GoDaddy by 4.9% in the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock valued at $284,000 after buying an additional 73 shares during the period. Cornerstone Planning Group LLC lifted its holdings in GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after buying an additional 79 shares during the period. Finally, MAI Capital Management lifted its holdings in GoDaddy by 8.7% in the first quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock valued at $185,000 after buying an additional 82 shares during the period. 90.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GDDY shares. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. 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. Wells Fargo & Company cut their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a report on Wednesday, October 8th. Finally, Citigroup cut their price objective on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,326 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the sale, the chief financial officer directly owned 70,133 shares in the company, valued at $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total transaction of $68,285.00. Following the sale, the director owned 20,457 shares in the company, valued at approximately $2,793,812.49. The trade was a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,203 shares of company stock valued at $4,031,238 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Trading Up 1.4%

GDDY opened at $132.48 on Tuesday. The firm’s fifty day moving average is $143.06 and its two-hundred day moving average is $164.71. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $18.34 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. GoDaddy Inc. has a twelve month low of $130.00 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its earnings results 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business 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.

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.