Blueshift Asset Management LLC Takes $2.19 Million Position in GoDaddy Inc. $GDDY

Blueshift Asset Management LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 12,165 shares of the technology company’s stock, valued at approximately $2,190,000. GoDaddy makes up 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in GDDY. CX Institutional grew its stake in GoDaddy by 13.1% in the second quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after acquiring an additional 67 shares during the period. MAI Capital Management lifted its holdings in shares of GoDaddy by 8.7% in the 1st quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock worth $185,000 after purchasing an additional 82 shares in the last quarter. UMB Bank n.a. grew its position in GoDaddy by 13.1% in the 2nd quarter. UMB Bank n.a. now owns 795 shares of the technology company’s stock valued at $143,000 after purchasing an additional 92 shares during the period. Penserra Capital Management LLC grew its position in GoDaddy by 14.0% in the 2nd quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock valued at $134,000 after purchasing an additional 92 shares during the period. Finally, NewSquare Capital LLC increased its stake in GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Price Performance

GoDaddy stock opened at $127.94 on Tuesday. GoDaddy Inc. has a 52 week low of $121.94 and a 52 week high of $216.00. The company’s 50 day moving average price is $131.88 and its two-hundred day moving average price is $152.80. The stock has a market cap of $17.29 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

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

Wall Street Analysts Forecast Growth

GDDY has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, October 31st. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. cut their price target on GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. B. Riley lowered their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Royal Bank Of Canada dropped their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.14.

Insider Activity at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $133.11, for a total transaction of $66,555.00. Following the completion of the sale, the director owned 19,957 shares in the company, valued at approximately $2,656,476.27. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 19,053 shares of company stock worth $2,752,397. 0.70% of the stock is owned by company insiders.

GoDaddy Company 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.