Ingalls & Snyder LLC Raises Stock Holdings in GoDaddy Inc. $GDDY

Ingalls & Snyder LLC boosted its stake in GoDaddy Inc. (NYSE:GDDY) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,443 shares of the technology company’s stock after buying an additional 696 shares during the period. Ingalls & Snyder LLC’s holdings in GoDaddy were worth $7,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDDY. Goldman Sachs Group Inc. increased its stake in GoDaddy by 257.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after purchasing an additional 1,610,890 shares during the period. JPMorgan Chase & Co. increased its stake 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 buying an additional 710,842 shares during the period. Pacer Advisors Inc. increased its stake in shares of GoDaddy by 893.4% during the first quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock worth $116,685,000 after buying an additional 582,539 shares during the period. National Bank of Canada FI increased its stake in shares of GoDaddy by 719.5% during the first quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock worth $97,008,000 after buying an additional 472,805 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock worth $3,266,697,000 after buying an additional 462,807 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the transaction, the chief accounting officer owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,203 shares of company stock worth $4,031,238 over the last three months. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group dropped their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Citigroup dropped their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Raymond James Financial dropped their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company dropped their price target on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $199.00.

GoDaddy Trading Down 1.1%

Shares of GDDY stock opened at $130.92 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.41 and a beta of 0.98. The firm has a 50-day moving average price of $140.63 and a 200 day moving average price of $162.25. GoDaddy Inc. has a twelve month low of $127.65 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

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.