GoDaddy Slides After Wells Fargo Downgrade Revives Post-Earnings Concerns

GoDaddy (GDDY) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a fresh Wells Fargo downgrade to Underweight, which added pressure to a stock that was already dealing with investor concerns after its late-July earnings update. The downgrade seems to have resonated because GoDaddy’s recent outlook pointed to slower top-line growth than many investors wanted to see, even though profitability and cash flow remained solid.

Details:

Wells Fargo cut GoDaddy to Underweight on August 26 and lowered its price target to $76, a negative rating shift that likely weighed on sentiment.

The firm’s thesis centered on competitive and search-discovery risks tied to AI overviews and domain pricing, raising questions about future customer acquisition.

GoDaddy’s July 30 earnings release showed second-quarter revenue rose to $1.3 billion, while full-year 2026 revenue guidance was narrowed to $5.215 billion to $5.255 billion, with midpoint growth of about 6%.

That same release still showed strong margins, free cash flow, and aggressive share repurchases, suggesting today’s decline was more about valuation and forward expectations than a sudden deterioration in operations.

Sources:

SEC, GoDaddy, TipRanks, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GDDY Insider Trading Activity

$GDDY insiders have traded $GDDY stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.

Here’s a breakdown of recent trading of $GDDY stock by insiders over the last 6 months:

AMANPAL SINGH BHUTANI (Chief Executive Officer) has made 0 purchases and 4 sales selling 52,252 shares for an estimated $4,624,842.
MARK MCCAFFREY (Chief Financial Officer) has made 0 purchases and 5 sales selling 27,287 shares for an estimated $2,407,679.
JARED F. SINE (Chief Strategy & Legal Officer) has made 0 purchases and 5 sales selling 9,861 shares for an estimated $812,841.
PHONTIP PALITWANON (Chief Accounting Officer) has made 0 purchases and 6 sales selling 4,891 shares for an estimated $442,730.
LEAH SWEET sold 650 shares for an estimated $56,459
SIGAL ZARMI sold 350 shares for an estimated $30,744

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$GDDY Hedge Fund Activity

We have seen 319 institutional investors add shares of $GDDY stock to their portfolio, and 465 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AMERIPRISE FINANCIAL INC added 5,760,414 shares (+91.5%) to their portfolio in Q2 2026, for an estimated $488,943,940
WCM INVESTMENT MANAGEMENT, LLC removed 3,311,678 shares (-99.9%) from their portfolio in Q2 2026, for an estimated $281,095,228
BLACKROCK, INC. removed 2,869,577 shares (-21.5%) from their portfolio in Q2 2026, for an estimated $243,569,695
AQR CAPITAL MANAGEMENT LLC added 2,681,750 shares (+239.9%) to their portfolio in Q2 2026, for an estimated $227,626,940
JPMORGAN CHASE & CO added 1,513,514 shares (+inf%) to their portfolio in Q2 2026, for an estimated $128,467,068
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,157,579 shares (+inf%) to their portfolio in Q2 2026, for an estimated $98,255,305
STATE STREET CORP removed 1,073,843 shares (-17.1%) from their portfolio in Q2 2026, for an estimated $91,147,793

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GDDY Congressional Stock Trading

Members of Congress have traded $GDDY stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $GDDY stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $15,000 on 04/14 and 2 sales worth up to $30,000 on 06/16, 03/13.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$GDDY Price Targets

Multiple analysts have issued price targets for $GDDY recently. We have seen 5 analysts offer price targets for $GDDY in the last 6 months, with a median target of $100.0.

Here are some recent targets:

Alexei Gogolev from JP Morgan set a target price of $124.0 on 06/18/2026
Chris Kuntarich from UBS set a target price of $100.0 on 05/05/2026
Alec Brondolo from Wells Fargo set a target price of $83.0 on 05/01/2026
Mark Zgutowicz from Benchmark set a target price of $185.0 on 04/28/2026
James Callahan from Piper Sandler set a target price of $93.0 on 03/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.