Principal Financial Group Inc. Increases Stake in GoDaddy Inc. $GDDY

Principal Financial Group Inc. grew its position in GoDaddy Inc. (NYSE:GDDY) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 181,582 shares of the technology company’s stock after buying an additional 5,880 shares during the period. Principal Financial Group Inc. owned approximately 0.14% of GoDaddy worth $15,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GDDY. BNP Paribas Financial Markets lifted its holdings in shares of GoDaddy by 5.7% in the 4th quarter. BNP Paribas Financial Markets now owns 945,202 shares of the technology company’s stock worth $117,281,000 after buying an additional 50,959 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in GoDaddy during the fourth quarter worth $9,303,000. Northwestern Mutual Wealth Management Co. raised its holdings in GoDaddy by 22,341.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,142 shares of the technology company’s stock valued at $14,535,000 after buying an additional 116,620 shares during the period. Swedbank AB lifted its holdings in shares of GoDaddy by 433.9% in the 4th quarter. Swedbank AB now owns 645,754 shares of the technology company’s stock worth $80,125,000 after acquiring an additional 524,811 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of GoDaddy during the fourth quarter worth about $250,020,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Negative Sentiment: Multiple law firms, including Rosen Law Firm and Kaplan Fox, announced or reiterated investigations into possible securities law violations tied to GoDaddy, increasing legal and headline risk for shareholders. Article Title
• Negative Sentiment: GoDaddy is also facing pre-earnings caution, with coverage saying expectations for the upcoming Q2 2026 report do not point to an easy earnings beat, which can keep investors defensive. Article Title
• Neutral Sentiment: Separate articles highlighted GoDaddy’s new developer platform and a broader “fair value” discussion, which could support the long-term growth story, but the near-term stock reaction appears dominated by the legal-investigation headlines. Article Title
• Neutral Sentiment: One commentary piece argued GoDaddy may be mispriced after its steep drop, but this was opinion-based and did not change the near-term catalyst mix. Article Title

Analysts Set New Price Targets

Several brokerages have issued reports on GDDY. Weiss Ratings reissued a “hold (c-)” rating on shares of GoDaddy in a research report on Tuesday, June 16th. Wells Fargo & Company boosted their price objective on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. UBS Group began coverage on GoDaddy in a report on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 price target for the company. Benchmark decreased their price objective on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on GoDaddy from $154.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,500 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $82.92, for a total transaction of $290,220.00. Following the transaction, the chief financial officer owned 105,728 shares of the company’s stock, valued at $8,766,965.76. This represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 8,373 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total value of $752,397.78. Following the completion of the transaction, the chief executive officer owned 521,747 shares in the company, valued at approximately $46,884,185.42. This represents a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 16,751 shares of company stock worth $1,480,228. Insiders own 0.93% of the company’s stock.

GoDaddy Stock Down 1.8%

GDDY opened at $87.76 on Friday. The company has a market capitalization of $11.62 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67. GoDaddy Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $169.61. The business has a 50-day moving average of $85.91 and a 200-day moving average of $89.45.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.53 by $0.07. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 EPS. Equities research analysts forecast that GoDaddy Inc. will post 7.15 EPS for the current fiscal year.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.