Power Wealth Management LLC Invests $442,000 in GoDaddy Inc. $GDDY

Power Wealth Management LLC purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,211 shares of the technology company’s stock, valued at approximately $442,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AXQ Capital LP lifted its position in GoDaddy by 83.6% in the 2nd quarter. AXQ Capital LP now owns 15,617 shares of the technology company’s stock valued at $1,326,000 after acquiring an additional 7,111 shares in the last quarter. Pale Fire Capital SE bought a new stake in shares of GoDaddy in the 2nd quarter worth $10,795,000. Nykredit A S purchased a new position in shares of GoDaddy in the second quarter worth $451,000. Proficio Capital Partners LLC purchased a new position in shares of GoDaddy in the second quarter worth $234,000. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of GoDaddy by 6.2% during the second quarter. New Mexico Educational Retirement Board now owns 6,808 shares of the technology company’s stock valued at $578,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

More GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Analysts’ average price target of approximately $110.07 implies further upside from recent trading levels. GoDaddy also recently exceeded quarterly earnings and revenue expectations, providing a fundamental counterweight to the legal concerns. GoDaddy Analyst Price Target
• Neutral Sentiment: Multiple investor-rights firms are publicizing the same securities class action and the October 20, 2026 deadline for investors to seek lead-plaintiff status. The repeated announcements primarily increase awareness of existing litigation rather than represent a new operating development. Kaplan Fox GoDaddy Class Action Deadline
• Negative Sentiment: GoDaddy faces a proposed securities-fraud class action covering investors who purchased shares between September 3, 2025, and February 24, 2026. The complaint alleges that the company and certain executives failed to disclose the impact of a $4.99 one-year domain promotion, which allegedly encouraged short-term, lower-value contracts and pressured upfront bookings, despite statements that discounting had been turned off. The allegations have not been proven. GoDaddy Securities Class Action Allegations
• Negative Sentiment: Law firms say the alleged disclosure issues preceded an approximately 14% stock decline. Continued litigation could create legal expenses, management distraction, settlement risk and additional pressure on GoDaddy’s valuation. GoDaddy Securities Fraud Lawsuit
• Negative Sentiment: A GoDaddy director sold 325 shares under a pre-arranged Rule 10b5-1 trading plan. The relatively small, scheduled transaction is unlikely to materially affect valuation but may add modest caution among investors. GoDaddy Director Stock Sale

Wall Street Analysts Forecast Growth

Several research firms recently commented on GDDY. B. Riley Financial dropped their price objective on GoDaddy from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Raymond James Financial lowered GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 target price for the company. in a research report on Friday, July 31st. Wells Fargo & Company cut shares of GoDaddy from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $80.00 to $76.00 in a research note on Wednesday, August 26th. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 price target (up from $93.00) on shares of GoDaddy in a report on Friday, July 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $90.00 price target on shares of GoDaddy in a research note on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $110.07.

Insider Buying and Selling at GoDaddy

In related news, CEO Amanpal Bhutani sold 8,194 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $101.19, for a total value of $829,150.86. Following the transaction, the chief executive officer owned 504,553 shares of the company’s stock, valued at approximately $51,055,718.07. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Leah Sweet sold 325 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total transaction of $31,668.00. Following the sale, the director owned 13,689 shares of the company’s stock, valued at $1,333,856.16. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 30,358 shares of company stock worth $2,883,301. 0.93% of the stock is owned by corporate insiders.

GoDaddy Stock Performance

Shares of GDDY opened at $103.57 on Friday. The company has a debt-to-equity ratio of 561.10, a current ratio of 0.63 and a quick ratio of 0.63. GoDaddy Inc. has a one year low of $71.59 and a one year high of $150.47. The firm has a market capitalization of $13.12 billion, a P/E ratio of 15.37, a PEG ratio of 0.91 and a beta of 0.94. The business has a fifty day moving average of $93.21 and a 200 day moving average of $87.82.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. GoDaddy’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 7.21 EPS for the current year.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.