Orin
GDDYNYSE·Software - Infrastructure

GoDaddy Inc. GDDY

Market cap $13.0BP/E 14.2× trailingGross margin 63.8%Reports Thu 29 Oct, after the close
$97.89
+1.51 (+1.57%)live 09:30 ET
52-wk $71.59 – $143.34
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Orin's take
0.55conviction · moderate
Refreshed 17 Aug · take v6. A new filing or a print queues the next refresh.

GoDaddy remains a hold as the fundamental story—FY2025 revenue of $4.95B growing 8.26% with operating margin expansion to 22.99% and $1.58B in free cash flow—supports a deeply discounted valuation at a P/E of 13.58 versus a peer median of 29.55. However, multiple securities class action investigations announced August 13–16, 2026 alleging materially misleading business information, combined with persistent insider selling by the CEO, CFO, and Chief Accounting Officer, create an overhang that offsets the cheap multiple.

Net income has declined for two consecutive years despite operating income more than doubling from FY2022 to FY2025, reflecting the drag from $3.86B in total debt against just $215M in stockholders' equity, and the stock at $92.37 still sits below its 200-day moving average of $98.44. Patience is warranted until the legal situation clarifies and the revenue trajectory stabilizes.

What could go wrong

  • Securities class action overhang. Multiple law firms (Rosen, Kaplan Fox) announced investigations August 13–16, 2026 into allegations of materially misleading disclosures; outcomes could include settlements, fines, or reputational damage.
  • Leveraged balance sheet. Total debt of $3.86B against stockholders' equity of just $215M as of FY2025 creates financial fragility and explains the divergence between operating income growth and declining net income.
  • Persistent insider selling. Over the 24-month window, insiders executed 78 dispositions versus 24 acquisitions with net value of -$31.4M; CEO, CFO, and CAO all sold shares in June–August 2026.
  • Revenue guidance disappointment. The prior verdict noted a 21.1% single-day plunge on July 31, 2026 after a disappointing revenue outlook despite a Q2 earnings beat, signaling sensitivity to forward expectations.

What would change my mind

Class action resolution. Investigations are dismissed, settled for immaterial amounts, or no formal lawsuit is filed within 90 daysbullish
Revenue reacceleration. Quarterly revenue growth exceeds 10% YoY or guidance is raised in the next reporting cyclebullish
Stock reclaims 200-day MA. Price closes above $98.44 (200-day moving average) on sustained volumebullish
Formal lawsuit filed. A securities class action lawsuit is formally filed with specific damaging allegations or regulatory inquiry is announcedbearish

Where this comes from: FMP FY2025 annual + derived_metrics · FMP FY2025 annual + derived_metrics · peer_relative as of 2026-08-17 · FMP annual fundamentals FY2023–FY2025. Orin's read on GDDY; not advice.

Twelve months actual closes to 2026-09-23 · actual filings

Sept 25Nov 25Jan 26Mar 26May 26Jul 26

50-day average 200-day average · volume below

Largest holders · 13F Q2 2026

Money flow
FilerPositionOf fund
Ameriprise Financial$1.0B0.2% of fund
Vanguard Capital Management$735.1M0.0% of fund
Vanguard Portfolio Management$589.2M0.0% of fund
Morgan Stanley$492.9M0.0% of fund
State Street$443.3M0.0% of fund
Fmr$406.7M0.0% of fund

81 filers · quarter ended Q2 2026 · positions, not flows

Insiders, last 24 months: 112 Form 4 filings, net −$33.8M. Of the 50 on hand, 0 were open-market purchases and 34 sales— the rest are grants, option exercises and tax withholding.

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Where it trades

vs its own 5y · Technology
MetricNowOwn medianSector
P/E14.2×29.8×53.3×
EV/EBITDA11.0×25.5×
P/S2.50×3.70×

Its P/E sits 20th percentile of its own last 5 years (−1.02σ from its own mean).

What the price assumes

-4.9%

free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $1.6B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.

What Wall Street published

38 firms · 2026-09-23
Consensus target

$90

$76$100 · −8% against today's price

How they rate it
  • 22 buy or overweight
  • 14 hold
  • 2 underweight or sell

The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.

Against the companies it is compared to

median P/E 23.7× of 7 peers
CompanyMarket capP/EEV/EBITDAGrossNetROE
GDDYGoDaddy Inc.$13B14.2×11.0×63.8%17.8%661%
CPAYCorpay, Inc.$26B23.7×13.7×73.3%22.7%30%
FFIVF5, Inc.$26B35.9×25.3×82.2%22.0%20%
GENGen Digital Inc.$16B15.1×10.1×78.0%20.7%42%
ITGartner, Inc.$12B16.0×10.3×68.9%12.0%401%
JJacobs Solutions Inc.$17B49.2×21.6×22.1%2.4%10%
NTNXNutanix, Inc.$19B12.5×48.9×86.8%52.8%-396%
VRSNVeriSign, Inc.$27B31.8×23.3×88.5%49.8%-39%

The median is of the 7 peers listed above and nothing else — check it against the column. This company trades 40.3% below it. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.

What it has traded at

P/E by fiscal year
FY17 40.2×FY25 19.6×

What its sector has traded at

Technology
FY14 9.0×FY26 48.0×

Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.

Discounted cash flow

not recomputed since
ModelFair valueAgainstComputed
Standard DCF$201$81.10 · +148%2026-06-10
Levered DCF$286$81.10 · +253%2026-06-10

The vendor’s intrinsic-value models. Treat them as a low-growth anchor — for a fast grower the market routinely pays well above a DCF. These were computed against the price in the “against” column, not today’s.

Every estimate on one scale

price $97.89
52-week range$72 – $144
Analyst targets$76 – $100
Standard DCF$201 as of 2026-06-10, when it was $81.10
Levered DCF$286 as of 2026-06-10, when it was $81.10
At own 5y-median P/E (30×)$202
At 5y P/E range (11–59×)$78 – $400
At sector P/E (53×)$362

The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.