Blueshift Asset Management LLC Acquires Shares of 12,165 GoDaddy Inc. $GDDY

Blueshift Asset Management LLC bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,165 shares of the technology company’s stock, valued at approximately $2,190,000. GoDaddy makes up about 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayforest Capital Ltd acquired a new stake in GoDaddy during the second quarter worth about $26,000. NewSquare Capital LLC lifted its holdings in shares of GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after acquiring an additional 94 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of GoDaddy during the 1st quarter worth approximately $30,000. Banque Transatlantique SA acquired a new stake in shares of GoDaddy during the 1st quarter worth approximately $36,000. Finally, Steph & Co. bought a new position in GoDaddy in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GDDY. UBS Group reduced their target price on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. B. Riley decreased their target price on GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Finally, Citigroup decreased their price target on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.14.

GoDaddy Stock Performance

Shares of GDDY stock opened at $127.94 on Tuesday. The stock has a market capitalization of $17.29 billion, a PE ratio of 22.85, a PEG ratio of 1.36 and a beta of 0.96. The business’s 50 day simple moving average is $131.88 and its 200 day simple moving average is $152.80. 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 one year low of $121.94 and a one year high of $216.00.

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

Insider Activity

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the transaction, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the transaction, the chief executive officer directly owned 406,065 shares in the company, valued at $60,909,750. This represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 19,053 shares of company stock worth $2,752,397. 0.70% of the stock is owned by 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.