Cullen Frost Bankers Inc. Sells 128 Shares of GoDaddy Inc. $GDDY

Cullen Frost Bankers Inc. cut its stake in GoDaddy Inc. (NYSE:GDDY) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,747 shares of the technology company’s stock after selling 128 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in GoDaddy were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC grew its stake in shares of GoDaddy by 15.9% in the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock worth $402,000 after acquiring an additional 293 shares during the period. DAVENPORT & Co LLC grew its stake in shares of GoDaddy by 7.7% in the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after acquiring an additional 141 shares during the period. Optimist Retirement Group LLC grew its stake in shares of GoDaddy by 5.8% in the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock worth $274,000 after acquiring an additional 84 shares during the period. Voya Investment Management LLC grew its stake in shares of GoDaddy by 102.8% in the first quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock worth $145,033,000 after acquiring an additional 408,178 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of GoDaddy by 13.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company’s stock worth $1,060,000 after acquiring an additional 699 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, 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 transaction, the chief financial officer owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,950 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 $988,359.50. Following the transaction, the chief executive officer directly owned 412,065 shares in the company, valued at $58,599,763.65. This represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is currently owned by company insiders.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $130.92 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a 1-year low of $127.65 and a 1-year high of $216.00. The company has a market capitalization of $18.13 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.43 and a beta of 0.98. The firm’s 50 day simple moving average is $140.63 and its two-hundred day simple moving average is $162.25.

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, beating the consensus estimate of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. 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.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GDDY shares. Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. Royal Bank Of Canada cut their target price on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Wells Fargo & Company cut their target price on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, UBS Group cut their target price 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 research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $199.00.

About GoDaddy

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.