PNC Financial Services Group Inc. Acquires 7,491 Shares of GoDaddy Inc. $GDDY

PNC Financial Services Group Inc. grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 88.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,977 shares of the technology company’s stock after buying an additional 7,491 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GoDaddy were worth $1,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GDDY. Rachor Investment Advisory Services LLC bought a new stake in GoDaddy during the 4th quarter worth about $25,000. Activest Wealth Management raised its stake in shares of GoDaddy by 6,600.0% in the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after acquiring an additional 198 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GoDaddy in the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position in shares of GoDaddy by 145.6% during the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock worth $35,000 after purchasing an additional 150 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of GoDaddy by 191.0% during the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock worth $32,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Down 16.7%

Shares of NYSE GDDY opened at $82.79 on Friday. The firm has a market capitalization of $10.96 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.90 and a beta of 0.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy Inc. has a 1 year low of $71.59 and a 1 year high of $165.11. The firm’s 50-day moving average is $86.64 and its 200-day moving average is $88.79.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GoDaddy had a net margin of 17.83% and a return on equity of 501.82%. GoDaddy’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 EPS. Equities analysts expect that GoDaddy Inc. will post 7.15 EPS for the current year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Sigal Zarmi sold 350 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $87.84, for a total transaction of $30,744.00. Following the completion of the sale, the director owned 5,708 shares in the company, valued at approximately $501,390.72. The trade was a 5.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Amanpal Singh Bhutani sold 8,373 shares of the stock in a transaction on 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 directly owned 521,747 shares in the company, valued at approximately $46,884,185.42. This trade represents a 1.58% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 16,751 shares of company stock valued at $1,480,228 in the last three months. Insiders own 0.93% of the company’s stock.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter adjusted earnings of $1.83 per share, above the roughly $1.69–$1.72 consensus range, while revenue rose 6.6% year over year to approximately $1.30 billion, slightly exceeding estimates. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was supported by rising average revenue per user, strength across both business segments and accelerating adoption of Airo, GoDaddy’s AI-powered product suite. Airo’s annualized recurring revenue reportedly increased fivefold to $50 million, helping drive record margins and free cash flow. GoDaddy Q2 Earnings Call Highlights
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion full-year free-cash-flow target. Full-year revenue guidance remains $5.2 billion to $5.3 billion. GoDaddy Forecasts Q3 Revenue and Reaffirms Free Cash Flow
• Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reaffirmed a Neutral rating with a $90 target, while Benchmark maintained Buy despite reducing its target to $140. Raymond James cut GoDaddy from Strong Buy to Outperform and set a $100 target, citing limited visibility. Raymond James Analyst Action
• Negative Sentiment: Investors viewed the quarterly outlook as underwhelming relative to expectations, with several reports describing the guidance as weak despite the earnings beat. Concerns also persist that AI could pressure GoDaddy’s traditional website and domain businesses and weigh on future margins. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: Bearish trading activity intensified, with put-option volume reaching 11,680 contracts—nearly five times the typical daily level. Separate law-firm investigations into potential securities-law violations added another source of investor uncertainty.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of GoDaddy from $154.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. UBS Group began coverage on shares of GoDaddy in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 price objective for the company. Wells Fargo & Company reduced their price objective on GoDaddy from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James Financial lowered GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price objective on the stock. in a research report on Friday. Finally, B. Riley Financial lowered their target price on GoDaddy from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.93.

GoDaddy Company 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.