PDS Planning Inc Invests $218,000 in GoDaddy Inc. $GDDY

PDS Planning Inc acquired a new position in GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,208 shares of the technology company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in GoDaddy by 2.6% in the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock worth $3,266,697,000 after acquiring an additional 462,807 shares during the period. WCM Investment Management LLC lifted its position in shares of GoDaddy by 2.0% in the 1st quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company’s stock worth $620,931,000 after purchasing an additional 67,152 shares during the period. Invesco Ltd. lifted its position in shares of GoDaddy by 13.8% in the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after purchasing an additional 401,918 shares during the period. Wellington Management Group LLP lifted its position in shares of GoDaddy by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock worth $567,017,000 after purchasing an additional 371,188 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock worth $439,525,000 after purchasing an additional 710,842 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $132.48 on Tuesday. GoDaddy Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $216.00. The business has a 50-day simple moving average of $143.06 and a two-hundred day simple moving average of $164.71. 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 firm has a market cap of $18.34 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last issued its earnings results 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. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on GDDY. Wells Fargo & Company lowered their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. UBS Group lowered their target price on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Citigroup lowered their target price on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.00.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the sale, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 20,457 shares of the company’s stock, valued at $2,793,812.49. This trade represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,203 shares of company stock worth $4,031,238. Company insiders own 0.70% of the company’s stock.

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.