Optas LLC Sells 97 Shares of GoDaddy Inc. $GDDY

Optas LLC trimmed its holdings in GoDaddy Inc. (NYSE:GDDY) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,093 shares of the technology company’s stock after selling 97 shares during the quarter. Optas LLC’s holdings in GoDaddy were worth $377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of GoDaddy by 123.4% during 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. Park Square Financial Group LLC bought a new position in shares of GoDaddy during the 1st quarter valued at approximately $27,000. Private Trust Co. NA boosted its position in shares of GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of GoDaddy during the 1st quarter valued at approximately $30,000. Finally, Banque Transatlantique SA bought a new position in shares of GoDaddy during the 1st quarter valued at approximately $36,000. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Stock Performance

NYSE:GDDY opened at $133.60 on Friday. The stock’s fifty day moving average is $144.08 and its 200 day moving average is $165.65. GoDaddy Inc. has a fifty-two week low of $131.29 and a fifty-two week high of $216.00. The firm has a market capitalization of $18.50 billion, a PE ratio of 23.86, a PEG ratio of 1.47 and a beta of 0.98. 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 released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. GoDaddy’s quarterly revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction 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 in the company, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,203 shares of company stock valued at $4,200,828. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Citigroup lowered 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. Finally, Barclays decreased their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average 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.