GoDaddy Inc. $GDDY Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in GoDaddy Inc. (NYSE:GDDY) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,041 shares of the technology company’s stock after selling 7,040 shares during the quarter. Lazard Asset Management LLC’s holdings in GoDaddy were worth $2,318,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GDDY. Coldstream Capital Management Inc. increased its stake in GoDaddy by 4.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock worth $258,000 after buying an additional 86 shares during the period. Main Street Financial Solutions LLC boosted its position in GoDaddy by 1.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock valued at $2,185,000 after buying an additional 119 shares during the period. Lido Advisors LLC grew its stake in shares of GoDaddy by 6.2% in the fourth quarter. Lido Advisors LLC now owns 2,083 shares of the technology company’s stock worth $283,000 after acquiring an additional 121 shares in the last quarter. Martin Capital Advisors LLP grew its position in shares of GoDaddy by 1.5% during the fourth quarter. Martin Capital Advisors LLP now owns 9,082 shares of the technology company’s stock worth $1,127,000 after buying an additional 130 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of GoDaddy by 2.0% during the fourth quarter. Vontobel Holding Ltd. now owns 6,859 shares of the technology company’s stock worth $851,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter adjusted earnings of $1.83 per share, above the roughly $1.69–$1.72 consensus range, while revenue rose 6.6% year over year to approximately $1.30 billion, slightly exceeding estimates. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was supported by rising average revenue per user, strength across both business segments and accelerating adoption of Airo, GoDaddy’s AI-powered product suite. Airo’s annualized recurring revenue reportedly increased fivefold to $50 million, helping drive record margins and free cash flow. GoDaddy Q2 Earnings Call Highlights
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion full-year free-cash-flow target. Full-year revenue guidance remains $5.2 billion to $5.3 billion. GoDaddy Forecasts Q3 Revenue and Reaffirms Free Cash Flow
• Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reaffirmed a Neutral rating with a $90 target, while Benchmark maintained Buy despite reducing its target to $140. Raymond James cut GoDaddy from Strong Buy to Outperform and set a $100 target, citing limited visibility. Raymond James Analyst Action
• Negative Sentiment: Investors viewed the quarterly outlook as underwhelming relative to expectations, with several reports describing the guidance as weak despite the earnings beat. Concerns also persist that AI could pressure GoDaddy’s traditional website and domain businesses and weigh on future margins. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: Bearish trading activity intensified, with put-option volume reaching 11,680 contracts—nearly five times the typical daily level. Separate law-firm investigations into potential securities-law violations added another source of investor uncertainty.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of GoDaddy from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $90.00 price target on shares of GoDaddy in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of GoDaddy in a research report on Tuesday, June 16th. William Blair lowered shares of GoDaddy from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Benchmark decreased their price objective on shares of GoDaddy from $185.00 to $140.00 and set a “buy” rating for the company in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.93.

Insider Activity at GoDaddy

In other news, Director Sigal Zarmi sold 350 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $87.84, for a total transaction of $30,744.00. Following the completion of the sale, the director owned 5,708 shares in the company, valued at approximately $501,390.72. The trade was a 5.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Amanpal Singh Bhutani sold 8,373 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $752,397.78. Following the completion of the transaction, the chief executive officer owned 521,747 shares of the company’s stock, valued at approximately $46,884,185.42. The trade was a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,751 shares of company stock worth $1,480,228 over the last 90 days. 0.93% of the stock is owned by corporate insiders.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $82.79 on Monday. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.67 and a current ratio of 0.63. GoDaddy Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $165.11. The firm has a market capitalization of $10.96 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90. The stock’s 50-day simple moving average is $86.64 and its 200-day simple moving average is $88.62.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, equities research analysts forecast that GoDaddy Inc. will post 7.18 EPS for the current fiscal year.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.