Riverbridge Partners LLC Sells 34,716 Shares of GoDaddy Inc. $GDDY

Riverbridge Partners LLC reduced its position in shares of GoDaddy Inc. (NYSE:GDDY) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,589 shares of the technology company’s stock after selling 34,716 shares during the period. Riverbridge Partners LLC owned about 0.19% of GoDaddy worth $49,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew 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 purchasing an additional 79 shares during the last quarter. Park Square Financial Group LLC bought a new stake in GoDaddy in the first quarter valued at approximately $27,000. Private Trust Co. NA boosted its holdings in GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in GoDaddy in the first quarter valued at approximately $30,000. Finally, Banque Transatlantique SA bought a new stake in GoDaddy in the first quarter valued at approximately $36,000. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GDDY has been the topic of several analyst reports. Royal Bank Of Canada reduced 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. Wells Fargo & Company reduced their target price on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Barclays reduced their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 price target on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Citigroup dropped their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.43.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The sale 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 on Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the completion of the sale, the director directly owned 12,064 shares of the company’s stock, valued at $1,702,712.96. The trade was a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,828 shares of company stock valued at $5,394,638 over the last three months. 0.70% of the stock is currently owned by company insiders.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $143.34 on Thursday. 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 Inc. has a twelve month low of $132.51 and a twelve month high of $216.00. The stock’s 50 day moving average is $150.62 and its 200-day moving average is $168.75. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.55 and a beta of 1.02.

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

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.