Truist Financial Corp Sells 1,821 Shares of GoDaddy Inc. $GDDY

Truist Financial Corp reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 6.3% in the second quarter, Holdings Channel reports. The institutional investor owned 27,086 shares of the technology company’s stock after selling 1,821 shares during the period. Truist Financial Corp’s holdings in GoDaddy were worth $4,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GDDY. City Holding Co. lifted its position in GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company’s stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Equitable Trust Co. raised its stake in shares of GoDaddy by 1.0% in the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 64 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of GoDaddy by 0.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 67 shares during the last quarter. CX Institutional lifted its holdings in shares of GoDaddy by 13.1% in 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 in the last quarter. Finally, Allworth Financial LP boosted its position in shares of GoDaddy by 4.9% during 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 last quarter. 90.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on GDDY shares. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research report on Saturday, September 27th. Royal Bank Of Canada reduced 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. Barclays lowered their target price on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Wells Fargo & Company cut their price target on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, UBS Group reduced their price objective on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

Insider Activity

In related news, CEO Amanpal Singh Bhutani sold 6,950 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the completion of the transaction, the chief executive officer directly owned 412,065 shares of the company’s stock, valued at approximately $58,599,763.65. This trade represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 70,133 shares of the company’s stock, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,203 shares of company stock valued at $4,200,828. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Stock Down 1.3%

GDDY opened at $135.35 on Wednesday. GoDaddy Inc. has a twelve month low of $131.29 and a twelve month high of $216.00. The company’s 50-day moving average price is $145.22 and its two-hundred day moving average price is $166.21. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.49 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 posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. GoDaddy’s revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current 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.