Greenleaf Trust Sells 340 Shares of GoDaddy Inc. $GDDY

Greenleaf Trust lessened its position in GoDaddy Inc. (NYSE:GDDY) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,610 shares of the technology company’s stock after selling 340 shares during the quarter. Greenleaf Trust’s holdings in GoDaddy were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SWS Partners bought a new stake in shares of GoDaddy in the 2nd quarter worth about $1,204,000. GC Wealth Management RIA LLC increased its stake in GoDaddy by 42.4% in the 2nd quarter. GC Wealth Management RIA LLC now owns 1,784 shares of the technology company’s stock worth $321,000 after buying an additional 531 shares during the period. V Square Quantitative Management LLC increased its stake in GoDaddy by 11.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,886 shares of the technology company’s stock worth $340,000 after buying an additional 199 shares during the period. Hengehold Capital Management LLC increased its stake in GoDaddy by 6.5% in the 2nd quarter. Hengehold Capital Management LLC now owns 3,498 shares of the technology company’s stock worth $630,000 after buying an additional 212 shares during the period. Finally, Western Financial Corp CA increased its stake in GoDaddy by 2.6% in the 2nd quarter. Western Financial Corp CA now owns 6,382 shares of the technology company’s stock worth $1,149,000 after buying an additional 163 shares during the period. Institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Up 1.3%

NYSE GDDY opened at $133.91 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company’s 50-day simple moving average is $147.00 and its two-hundred day simple moving average is $167.23. GoDaddy Inc. has a one year low of $131.29 and a one year high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 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 $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the completion of the transaction, the chief operating officer directly owned 251,949 shares in the company, valued at approximately $36,711,488.79. The trade was a 0.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,703 shares of company stock worth $4,132,543. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on GDDY. UBS Group reduced their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup reduced their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Raymond James Financial reduced their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company reduced their price target on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $197.79.

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.