Keenan Capital LLC Has $39.69 Million Holdings in GoDaddy Inc. $GDDY

Keenan Capital LLC reduced its position in GoDaddy Inc. (NYSE:GDDY) by 22.6% in the second quarter, Holdings Channel.com reports. The firm owned 467,640 shares of the technology company’s stock after selling 136,391 shares during the quarter. GoDaddy makes up 7.8% of Keenan Capital LLC’s holdings, making the stock its 7th biggest holding. Keenan Capital LLC’s holdings in GoDaddy were worth $39,693,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Sivia Capital Partners LLC raised its holdings in shares of GoDaddy by 90.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock valued at $589,000 after buying an additional 1,552 shares in the last quarter. Cerity Partners LLC boosted its stake in GoDaddy by 50.0% in the second quarter. Cerity Partners LLC now owns 27,189 shares of the technology company’s stock worth $4,896,000 after buying an additional 9,062 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in GoDaddy by 83.0% in the second quarter. Treasurer of the State of North Carolina now owns 155,593 shares of the technology company’s stock worth $28,016,000 after buying an additional 70,585 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in GoDaddy during the second quarter valued at approximately $152,000. Finally, Main Street Financial Solutions LLC grew its position in GoDaddy by 1.0% during the second quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock valued at $2,185,000 after acquiring an additional 119 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Price Performance

Shares of GoDaddy stock opened at $93.08 on Wednesday. The company has a debt-to-equity ratio of 561.10, a current ratio of 0.63 and a quick ratio of 0.63. GoDaddy Inc. has a one year low of $71.59 and a one year high of $150.47. The business’s 50 day simple moving average is $94.03 and its two-hundred day simple moving average is $88.00. The stock has a market capitalization of $11.79 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts forecast that GoDaddy Inc. will post 7.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Benchmark lowered their price objective on shares of GoDaddy from $185.00 to $140.00 and set a “buy” rating for the company in a report on Friday, July 31st. Wedbush reduced their target price on shares of GoDaddy from $109.00 to $93.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Weiss Ratings upgraded shares of GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Wells Fargo & Company downgraded shares of GoDaddy from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $80.00 to $76.00 in a research note on Wednesday, August 26th. Finally, William Blair lowered shares of GoDaddy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $110.07.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark McCaffrey sold 5,873 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $100.91, for a total value of $592,644.43. Following the transaction, the chief financial officer owned 99,855 shares in the company, valued at approximately $10,076,368.05. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Amanpal Bhutani sold 8,194 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $101.19, for a total transaction of $829,150.86. Following the transaction, the chief executive officer directly owned 504,553 shares of the company’s stock, valued at approximately $51,055,718.07. This trade represents a 1.60% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 26,858 shares of company stock worth $2,593,081 over the last ninety days. Insiders own 0.93% of the company’s stock.

GoDaddy News Summary

Here are the key news stories impacting GoDaddy this week:

• Neutral Sentiment: GoDaddy presented at Citi’s 2026 Global TMT Conference, but the available transcript listing did not identify a specific new financial forecast, strategic announcement, or other clear near-term catalyst. GoDaddy Citi conference transcript
• Negative Sentiment: Multiple law firms announced or promoted securities class actions against GoDaddy on behalf of investors who purchased shares between September 3, 2025, and February 24, 2026. The lawsuits allege that GoDaddy misrepresented aspects of its customer-acquisition and go-to-market strategy, as well as domain discount promotions. GoDaddy lawsuit alert
• Negative Sentiment: The litigation follows an earlier single-day stock decline of roughly 14%, which plaintiffs’ firms associate with disclosures about customer-acquisition issues. Continued legal publicity increases uncertainty around potential financial liability, management credibility, and future customer-growth spending. GoDaddy investor alert
• Negative Sentiment: Investor notices highlight upcoming lead-plaintiff deadlines, generally October 20, 2026, while one notice cites October 26. These deadlines do not represent a finding of wrongdoing, but the unusually large number of law-firm announcements reinforces the stock’s legal overhang. Pomerantz GoDaddy investor alert

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.