Intrust Bank NA Acquires New Holdings in GoDaddy Inc. $GDDY

Intrust Bank NA bought a new position in GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,567 shares of the technology company’s stock, valued at approximately $282,000.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in GoDaddy by 625.6% in the 1st quarter. Larson Financial Group LLC now owns 312 shares of the technology company’s stock worth $56,000 after buying an additional 269 shares in the last quarter. IFP Advisors Inc boosted its position in GoDaddy by 10.9% during the 1st quarter. IFP Advisors Inc now owns 3,308 shares of the technology company’s stock worth $596,000 after acquiring an additional 325 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of GoDaddy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,836 shares of the technology company’s stock worth $1,952,000 after purchasing an additional 418 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of 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 purchasing an additional 194 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in shares of GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,326 shares of the firm’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 value of $472,990.46. Following the transaction, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the business’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 completion of the sale, the director owned 19,957 shares of the company’s stock, valued at approximately $2,656,476.27. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,553 shares of company stock worth $2,825,527 in the last 90 days. Company insiders own 0.70% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY opened at $125.41 on Wednesday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The company’s fifty day moving average is $135.38 and its 200-day moving average is $156.53. 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 12 month low of $123.71 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GDDY shares. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Benchmark decreased their price objective on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company dropped their target price on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $150.00 price target on shares of GoDaddy in a research note on Friday, October 31st. Finally, Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.14.

About GoDaddy

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.