VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 450,700 GoDaddy Inc. $GDDY

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 450,700 shares of the technology company’s stock, valued at approximately $81,153,000.

A number of other large investors have also recently made changes to their positions in GDDY. Equitable Trust Co. grew its holdings in GoDaddy by 1.0% during the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after acquiring an additional 64 shares in the last quarter. CX Institutional lifted its position in shares of GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP grew its stake 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 worth $284,000 after purchasing an additional 73 shares in the last quarter. Cornerstone Planning Group LLC increased 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 buying an additional 79 shares during the last quarter. Finally, MAI Capital Management raised its stake in GoDaddy by 8.7% in the first quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock valued at $185,000 after buying an additional 82 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the sale, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 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 value of $110,497.17. Following the completion of the transaction, the chief accounting officer owned 20,421 shares in the company, valued at $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,203 shares of company stock valued at $4,031,238. Insiders own 0.70% of the company’s stock.

GoDaddy Price Performance

GDDY stock opened at $128.68 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $17.82 billion, a P/E ratio of 22.98, a PEG ratio of 1.39 and a beta of 0.98. The business has a 50 day simple moving average of $141.60 and a 200-day simple moving average of $163.42. GoDaddy Inc. has a twelve month low of $127.65 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several analyst reports. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Royal Bank Of Canada dropped their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Raymond James Financial cut their price objective on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Friday, August 8th. Citigroup lowered their target price on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. Finally, UBS Group dropped their target price on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.00.

GoDaddy 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.