Bank of Montreal Can Reduces Stock Holdings in GoDaddy Inc. $GDDY

Bank of Montreal Can lessened its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 27.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,619 shares of the technology company’s stock after selling 25,706 shares during the period. Bank of Montreal Can’s holdings in GoDaddy were worth $12,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in GoDaddy during the 2nd quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in shares of GoDaddy in the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of GoDaddy in the first quarter worth about $30,000. Banque Transatlantique SA acquired a new stake in GoDaddy during the first quarter worth about $36,000. Finally, GW&K Investment Management LLC raised its position in GoDaddy by 307.9% during the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company’s stock valued at $46,000 after acquiring an additional 194 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

NYSE:GDDY opened at $131.93 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day moving average of $137.70 and a two-hundred day moving average of $159.39. The stock has a market capitalization of $18.27 billion, a PE ratio of 23.56, a P/E/G ratio of 1.36 and a beta of 0.96. GoDaddy Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $216.00.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Morgan Stanley set a $159.00 price target on shares of GoDaddy in a report on Friday, October 31st. Evercore ISI dropped their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $184.07.

Insider Buying and Selling

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total value of $66,555.00. Following the transaction, the director owned 19,957 shares in the company, valued at $2,656,476.27. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the sale, the chief operating officer owned 251,949 shares of the company’s stock, valued at $36,711,488.79. The trade was a 0.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,203 shares of company stock worth $3,060,798 in the last quarter. 0.70% of the stock is owned by insiders.

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.