On September 16, 2024, Roger Chen, Chief Operating Officer of GoDaddy Inc (GDDY, Financial), sold 1,000 shares of the company at a price of $152.17 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 187,632 shares of GoDaddy Inc.
GoDaddy Inc is a leading internet domain registrar and web hosting company that helps customers build professional websites and manage their online presence effectively. The company's services include domain registration, website hosting, website building tools, and online marketing services.
Over the past year, Roger Chen has sold a total of 158,628 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within GoDaddy Inc, where there have been 53 insider sells and no insider buys over the past year.
Shares of GoDaddy Inc were trading at $152.17 on the day of the sale, giving the company a market cap of approximately $21.75 billion. The price-earnings ratio of the stock stands at 12.33, which is below both the industry median of 25.9 and the company's historical median.
According to the GF Value, the intrinsic value of GoDaddy Inc is estimated at $102.18 per share, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.49.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
