GoDaddy Inc. $GDDY Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,670,677 shares of the technology company’s stock after purchasing an additional 199,459 shares during the period. GoDaddy makes up 1.5% of WCM Investment Management LLC’s investment portfolio, making the stock its 26th largest position. WCM Investment Management LLC owned 2.58% of GoDaddy worth $660,979,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Equitable Trust Co. increased its holdings in shares of GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock valued at $1,199,000 after acquiring an additional 64 shares during the last quarter. CX Institutional increased its holdings in shares of GoDaddy by 13.1% in the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after acquiring an additional 67 shares during the last quarter. Allworth Financial LP increased its holdings in shares of GoDaddy by 4.9% in the 1st quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock valued at $284,000 after acquiring an additional 73 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Finally, MAI Capital Management increased its holdings in shares of GoDaddy by 8.7% in the 1st quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock valued at $185,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Down 1.6%

GoDaddy stock opened at $130.21 on Thursday. GoDaddy Inc. has a twelve month low of $129.32 and a twelve month high of $216.00. The stock has a 50 day moving average of $142.14 and a two-hundred day moving average of $164.25. 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 $18.03 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.42 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm earned $1.01 EPS. The firm’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. As a group, research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GDDY. 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 report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. Citigroup decreased their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Barclays decreased their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average target price of $199.00.

Insider Activity at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer directly owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total value of $68,285.00. Following the sale, the director directly owned 20,457 shares of the company’s stock, valued at $2,793,812.49. The trade was a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,203 shares of company stock worth $4,031,238 in the last ninety days. Company insiders own 0.70% of the company’s stock.

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.