Principal Financial Group Inc. Has $15.01 Million Holdings in GoDaddy Inc. $GDDY

Principal Financial Group Inc. lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,582 shares of the technology company’s stock after purchasing an additional 5,880 shares during the quarter. Principal Financial Group Inc.’s holdings in GoDaddy were worth $15,011,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of GoDaddy in the fourth quarter valued at $25,000. Activest Wealth Management raised its stake in shares of GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after purchasing an additional 198 shares during the period. International Assets Investment Management LLC lifted its holdings in GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in GoDaddy by 191.0% during the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock worth $32,000 after acquiring an additional 170 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GDDY shares. Wells Fargo & Company boosted their price objective on GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. UBS Group began coverage on shares of GoDaddy in a research note on Tuesday, May 5th. They set a “neutral” rating and a $100.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of GoDaddy in a research note on Tuesday, June 16th. Benchmark cut their price target on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of GoDaddy from $154.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Negative Sentiment: Multiple law firms, including Rosen Law Firm and Kaplan Fox, announced or reiterated investigations into possible securities law violations tied to GoDaddy, increasing legal and headline risk for shareholders. Article Title
• Negative Sentiment: GoDaddy is also facing pre-earnings caution, with coverage saying expectations for the upcoming Q2 2026 report do not point to an easy earnings beat, which can keep investors defensive. Article Title
• Neutral Sentiment: Separate articles highlighted GoDaddy’s new developer platform and a broader “fair value” discussion, which could support the long-term growth story, but the near-term stock reaction appears dominated by the legal-investigation headlines. Article Title
• Neutral Sentiment: One commentary piece argued GoDaddy may be mispriced after its steep drop, but this was opinion-based and did not change the near-term catalyst mix. Article Title

GoDaddy Stock Down 1.8%

Shares of NYSE GDDY opened at $87.76 on Friday. The company has a market cap of $11.62 billion, a P/E ratio of 13.89, a PEG ratio of 0.81 and a beta of 0.89. The firm has a 50-day simple moving average of $85.91 and a two-hundred day simple moving average of $89.45. GoDaddy Inc. has a 1 year low of $71.59 and a 1 year high of $169.61. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.07. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. Research analysts anticipate that GoDaddy Inc. will post 7.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Amanpal Singh Bhutani sold 8,373 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total value of $752,397.78. Following the completion of the transaction, the chief executive officer owned 521,747 shares of the company’s stock, valued at approximately $46,884,185.42. This represents a 1.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sigal Zarmi sold 350 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $87.84, for a total value of $30,744.00. Following the transaction, the director owned 5,708 shares in the company, valued at $501,390.72. This represents a 5.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 16,751 shares of company stock worth $1,480,228. 0.93% of the stock is owned by company insiders.

GoDaddy Company 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.