On October 15, 2024, Roger Chen, Chief Operating Officer of GoDaddy Inc (GDDY, Financial), sold 1,000 shares of the company at a price of $164.16 per share. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 186,632 shares of GoDaddy Inc.
GoDaddy Inc is a company that provides domain name 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, and it serves a large base of customers worldwide.
Over the past year, Roger Chen has sold a total of 148,503 shares and has not purchased any shares. This recent transaction follows a trend observed over the past year where there have been 52 insider sells and no insider buys at GoDaddy Inc.
The shares of GoDaddy Inc were trading at $164.16 on the day of the sale, giving the company a market cap of approximately $23.18 billion. The price-earnings ratio of the company stands at 13.14, which is lower than the industry median of 26.58 and also below the company’s historical median.
According to the GF Value, the intrinsic value of GoDaddy Inc is estimated at $102.83 per share, making the current price represent a price-to-GF-Value ratio of 1.6. This suggests that the stock is significantly overvalued.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation relative to its current market price.
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.
