Plato Investment Management Ltd Has $791,000 Holdings in GoDaddy Inc. $GDDY

Plato Investment Management Ltd cut its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 31.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,409 shares of the technology company’s stock after selling 2,070 shares during the period. Plato Investment Management Ltd’s holdings in GoDaddy were worth $791,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of GoDaddy in the second quarter worth $26,000. Park Square Financial Group LLC bought a new stake in shares of GoDaddy in the first quarter worth $27,000. Private Trust Co. NA grew its stake in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of GoDaddy in the first quarter worth $30,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GDDY. Royal Bank Of Canada reduced their price objective on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 price objective on shares of GoDaddy in a research note on Friday. Citigroup reduced their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group reduced their price objective on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Benchmark reduced their price objective on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and a consensus target price of $184.07.

GoDaddy Stock Performance

Shares of GDDY opened at $133.35 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $18.46 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The firm’s fifty day simple moving average is $139.06 and its two-hundred day simple moving average is $160.59. GoDaddy Inc. has a 12 month low of $125.00 and a 12 month high of $216.00.

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

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares of the company’s stock, valued at $36,711,488.79. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leah Sweet sold 650 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total transaction of $91,741.00. Following the transaction, the director directly owned 12,064 shares in the company, valued at $1,702,712.96. This trade represents a 5.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 20,703 shares of company stock worth $2,994,243. 0.70% of the stock is currently owned by insiders.

About GoDaddy

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.