GoDaddy Inc. $GDDY Shares Sold by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lowered its position in shares of GoDaddy Inc. (NYSE:GDDY) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,218 shares of the technology company’s stock after selling 187 shares during the period. Sagespring Wealth Partners LLC’s holdings in GoDaddy were worth $399,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $136.57, for a total value of $68,285.00. Following the completion of the sale, the director owned 20,457 shares in the company, valued at $2,793,812.49. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Phontip Palitwanon sold 777 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,203 shares of company stock valued at $4,031,238 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $128.68 on Friday. GoDaddy Inc. has a 52 week low of $127.65 and a 52 week high of $216.00. The company has a 50-day moving average price of $141.60 and a 200 day moving average price of $163.53. The company has a market cap of $17.82 billion, a P/E ratio of 22.98, a PEG ratio of 1.38 and a beta of 0.98. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 189.42% and a net margin of 17.01%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GDDY. Royal Bank Of Canada decreased their target price on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wells Fargo & Company lowered their target price on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Citigroup cut their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. One equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.00.

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.