iA Global Asset Management Inc. owns $339,000 in GoDaddy Inc. (NYSE:GDDY)

iA Global Asset Management Inc. reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY – Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,423 shares of the technology company’s stock after selling 230 shares during the period. The holdings of iA Global Asset Management Inc. in GoDaddy were worth $339,000 at the end of the most recent quarter.

Several other hedge funds have added to or reduced their stakes in GDDY. V Square Quantitative Management LLC purchased a new stake in GoDaddy in the 4th quarter valued at about $28,000. Transcendent Capital Group LLC purchased a new stake in GoDaddy in the second quarter valued at approximately $28,000. GAMMA Investing LLC boosted its position in GoDaddy by 102.3% in the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 133 shares during the period. ORG Partners LLC purchased a new stake in GoDaddy in the second quarter valued at about $32,000. Finally, Frazier Financial Advisors LLC purchased a new stake in GoDaddy in the fourth quarter valued at about $33,000. 90.28% of the shares are currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

NYSE:GDDY opened at $167.41 on Friday. The company has a fifty day moving average of $150.52 and a 200 day moving average of $134.38. The firm has a market cap of $23.89 billion, a P/E ratio of 13.90 and a beta of 1.14. The company has a quick ratio of 0.55, a current ratio of 0.55, and a debt-to-equity ratio of 9.15. GoDaddy Inc. has a 12-month low of $71.15 and a 12-month high of $167.65.

GoDaddy (NYSE:GDDY – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. GoDaddy had a net margin of 41.12% and a negative return on equity of 363.95%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. In the same quarter last year, the firm posted EPS of $0.63. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 4.81 EPS for the current year.

Changes in Analyst Ratings

A number of research analysts recently issued reports on the stock. Piper Sandler upped their target price on shares of GoDaddy from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup upped their target price on shares of GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Benchmark boosted their target price on shares of GoDaddy from $170.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Barclays boosted their target price on shares of GoDaddy from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and an average price target of $163.58, according to MarketBeat.com.

Read the latest stock analysis on GDDY

Insider buying and selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,825 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total transaction of $942,464.25. Following the completion of the sale, the chief executive officer now owns 377,498 shares in the company, valued at approximately $52,128,698.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other GoDaddy news, CFO Mark McCaffrey sold 5,500 shares of GoDaddy stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $164.75, for a total transaction of $906,125.00. Following the transaction, the chief financial officer now directly owns 101,286 shares of the company’s stock, valued at approximately $16,686,868.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,825 shares of GoDaddy stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total transaction of $942,464.25. Following the transaction, the chief executive officer now directly owns 377,498 shares in the company, valued at $52,128,698.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,913 shares of company stock worth $7,416,831. 0.61% of shares are held by corporate insiders.

GoDaddy Company Profile

(Free report)

GoDaddy Inc is engaged 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 offers application products, including Websites + Marketing, a mobile-optimized online tool that enables customers to create e-commerce-enabled websites and online stores; and Managed WordPress, a simplified and optimized website builder that allows customers to easily build and manage a WordPress site faster; Managed WooCommerce stores to sell anything, anywhere online; and marketing tools and services such as the GoDaddy Studio mobile app, 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 .

Featured stories

Want to see what other hedge funds own GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for GoDaddy Inc. (NYSE:GDDY – Free Report).

Get news and reviews for GoDaddy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for GoDaddy and related companies with MarketBeat.com’s FREE daily email newsletter.