Securian Asset Management Inc. Has $1.33 Million Stock Position in GoDaddy Inc. $GDDY

Securian Asset Management Inc. cut its holdings in GoDaddy Inc. (NYSE:GDDY) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,375 shares of the technology company’s stock after selling 104 shares during the period. Securian Asset Management Inc.’s holdings in GoDaddy were worth $1,328,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its position in GoDaddy by 11.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,722 shares of the technology company’s stock valued at $7,087,000 after purchasing an additional 4,068 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of GoDaddy in the 2nd quarter valued at about $81,153,000. Chevy Chase Trust Holdings LLC increased its position in shares of GoDaddy by 1.6% in the second quarter. Chevy Chase Trust Holdings LLC now owns 75,354 shares of the technology company’s stock valued at $13,568,000 after acquiring an additional 1,182 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in shares of GoDaddy in the second quarter valued at about $214,000. Finally, Applied Finance Capital Management LLC acquired a new position in GoDaddy during the second quarter valued at approximately $583,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY stock opened at $132.13 on Thursday. GoDaddy Inc. has a 52 week low of $127.65 and a 52 week high of $216.00. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.43 and a beta of 0.98. The company has a 50-day simple moving average of $141.16 and a 200 day simple moving average of $162.67. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $1.01 EPS. GoDaddy’s quarterly revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Amanpal Singh Bhutani sold 6,950 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the transaction, the chief executive officer owned 412,065 shares in the company, valued at approximately $58,599,763.65. This represents a 1.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leah Sweet sold 650 shares of the company’s 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 transaction, the director directly owned 12,064 shares in the company, valued at approximately $1,702,712.96. This represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,203 shares of company stock worth $4,031,238 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GDDY shares. Citigroup lowered their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. UBS Group dropped their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Barclays dropped their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Royal Bank Of Canada dropped their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

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.