Insider Selling: GoDaddy (NYSE:GDDY) CEO Sells 6,950 Shares of Stock

by · The Cerbat Gem

GoDaddy Inc. (NYSE:GDDY – Get Free Report) CEO Amanpal Singh Bhutani sold 6,950 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the sale, the chief executive officer directly owned 412,065 shares in the company, valued at approximately $58,599,763.65. The trade was a 1.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amanpal Singh Bhutani also recently made the following trade(s):

  • On Friday, August 1st, Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock. The shares were sold at an average price of $159.46, for a total transaction of $956,760.00.
  • On Wednesday, July 2nd, Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock. The stock was sold at an average price of $176.93, for a total transaction of $1,061,580.00.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $145.07 on Friday. The company has a 50-day simple moving average of $157.99 and a 200-day simple moving average of $171.41. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $20.09 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. GoDaddy Inc. has a 12 month low of $132.51 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY – Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Institutional Trading of GoDaddy

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of GoDaddy by 3.5% during the second quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock worth $3,378,310,000 after purchasing an additional 627,923 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of GoDaddy by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after buying an additional 81,623 shares during the period. WCM Investment Management LLC lifted its position in GoDaddy by 5.7% during the 2nd quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock worth $660,979,000 after acquiring an additional 199,459 shares in the last quarter. Invesco Ltd. boosted its holdings in GoDaddy by 13.8% in the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after acquiring an additional 401,918 shares during the period. Finally, Wellington Management Group LLP grew its position in GoDaddy by 13.4% in the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock valued at $567,017,000 after acquiring an additional 371,188 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. Wells Fargo & Company lowered their price target on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Raymond James Financial cut their price objective on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Friday, August 8th. Wall Street Zen cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Finally, Citigroup dropped their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.43.

Check Out Our Latest Research Report on GDDY

About GoDaddy

(Get Free Report)

GoDaddy Inc engages 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 provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, 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.

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