GoDaddy Inc. $GDDY Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its stake in GoDaddy Inc. (NYSE:GDDY) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,131 shares of the technology company’s stock after acquiring an additional 923 shares during the quarter. Convergence Investment Partners LLC’s holdings in GoDaddy were worth $2,364,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings 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 acquiring an additional 79 shares during the period. Bayforest Capital Ltd acquired a new position in GoDaddy in the second quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new position in GoDaddy in the first quarter valued at approximately $27,000. Private Trust Co. NA increased its position in shares of GoDaddy by 591.3% in 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 in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of GoDaddy in the first quarter valued at approximately $30,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company 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. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Barclays cut their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, Raymond James Financial cut their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. 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 stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

GoDaddy Stock Down 1.1%

Shares of GDDY opened at $130.92 on Monday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. GoDaddy Inc. has a one year low of $127.65 and a one year high of $216.00. The stock 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 stock has a 50 day moving average price of $140.63 and a 200 day moving average price of $162.17.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’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. Equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the business’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 transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at $2,904,070.41. This trade represents 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 valued at $4,031,238 in the last three months. Company insiders own 0.70% of the company’s stock.

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.