MQS Management LLC Buys 355 Shares of GoDaddy Inc. $GDDY

MQS Management LLC raised its stake in GoDaddy Inc. (NYSE:GDDY) by 21.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,023 shares of the technology company’s stock after acquiring an additional 355 shares during the period. MQS Management LLC’s holdings in GoDaddy were worth $364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in GoDaddy by 123.4% in the first 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. Bayforest Capital Ltd bought a new stake in GoDaddy in the second quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new position in shares of GoDaddy during the first quarter valued at approximately $27,000. Private Trust Co. NA increased its stake in shares of GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after buying an additional 136 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of GoDaddy during the first quarter valued at approximately $30,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of GDDY stock opened at $130.92 on Monday. The stock has a market cap 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 business’s fifty day moving average is $140.63 and its 200 day moving average is $162.17. GoDaddy Inc. has a twelve month low of $127.65 and a twelve month high of $216.00. 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 quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion for 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%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the sale, the chief executive officer directly owned 406,065 shares of the company’s stock, valued at $60,909,750. This represents a 1.46% 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 company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,203 shares of company stock valued at $4,031,238 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GDDY shares. Citigroup reduced their target price on 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 reduced their target price on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Barclays reduced their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada reduced their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, UBS Group reduced their target price on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.