Advisors Capital Management LLC Sells 951 Shares of GoDaddy Inc. $GDDY

Advisors Capital Management LLC cut its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,231 shares of the technology company’s stock after selling 951 shares during the quarter. Advisors Capital Management LLC’s holdings in GoDaddy were worth $942,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. HighPoint Advisor Group LLC lifted its holdings in shares of GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after purchasing an additional 293 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in GoDaddy by 20.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock valued at $17,888,000 after buying an additional 17,200 shares during the last quarter. Optimist Retirement Group LLC raised its stake in GoDaddy by 5.8% during the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock valued at $274,000 after buying an additional 84 shares during the last quarter. Voya Investment Management LLC boosted its holdings in 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 in the last quarter. Finally, Andra AP fonden grew its stake in shares of GoDaddy by 42.4% in the second quarter. Andra AP fonden now owns 381,310 shares of the technology company’s stock worth $68,659,000 after acquiring an additional 113,600 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GDDY shares. Barclays lowered their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Benchmark decreased their target price on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. B. Riley dropped their target price on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 price target on shares of GoDaddy in a research report on Friday, October 31st. Finally, Wells Fargo & Company lowered their price objective on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $184.07.

GoDaddy Trading Down 1.1%

Shares of GoDaddy stock opened at $129.68 on Friday. GoDaddy Inc. has a 1-year low of $125.00 and a 1-year high of $216.00. The company’s fifty day simple moving average is $136.30 and its 200-day simple moving average is $157.58. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $17.52 billion, a PE ratio of 23.16, a P/E/G ratio of 1.36 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity

In related news, CEO Amanpal Singh Bhutani sold 6,950 shares of the business’s 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 $988,359.50. Following the completion of the transaction, the chief executive officer directly owned 412,065 shares in the company, valued at approximately $58,599,763.65. The trade was a 1.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total transaction of $66,555.00. Following the completion of the sale, the director directly owned 19,957 shares of the company’s stock, valued at $2,656,476.27. This represents a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 19,553 shares of company stock worth $2,825,527. 0.70% of the stock is currently owned by corporate insiders.

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.