On October 1, 2024, Amanpal Bhutani, Chief Executive Officer of GoDaddy Inc (GDDY, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 348,956 shares of GoDaddy Inc.
GoDaddy Inc is a company that provides domain registration and web hosting services, among other technology products to small businesses. The company is known for its advertising on TV and in the media, which has made it one of the most recognizable names in web hosting and domain services.
Over the past year, Amanpal Bhutani has sold a total of 121,800 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 54 insider sells and no insider buys over the past year.
Shares of GoDaddy Inc were trading at $155.6 on the day of the transaction. This price gives the company a market cap of approximately $21.77 billion. The price-earnings ratio of the stock is 12.34, which is lower than both the industry median of 26.55 and the company's historical median.
According to the GF Value, the intrinsic value of GoDaddy Inc is estimated at $102.50 per share, making the current price-to-GF-Value ratio 1.52. This suggests that the stock is significantly overvalued.
The valuation metrics and insider trading trends provide a snapshot of GoDaddy Inc's current financial position and insider confidence. The insider's recent sale aligns with a broader pattern of insider selling over the past year, which could be of interest to current and potential investors.
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.
