GoDaddy (NYSE:GDDY) CEO Amanpal Singh Bhutani Sells 6,000 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the sale, the chief executive officer owned 406,065 shares in the company, valued at approximately $60,909,750. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, September 3rd, Amanpal Singh Bhutani sold 6,950 shares of GoDaddy stock. The stock was sold at an average price of $142.21, for a total value of $988,359.50.
• On Friday, August 1st, Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock. The stock was sold at an average price of $159.46, for a total value 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 value of $1,061,580.00.

GoDaddy Trading Down 2.2%

Shares of NYSE GDDY opened at $145.30 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $154.93 and its 200-day moving average price is $170.47. GoDaddy Inc. has a fifty-two week low of $132.51 and a fifty-two week high of $216.00. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.61 and a beta of 1.02.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC increased its holdings in shares of GoDaddy by 2.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,966 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 203 shares during the period. Munro Partners purchased a new position in shares of GoDaddy in the 2nd quarter valued at $3,167,000. CYBER HORNET ETFs LLC purchased a new position in shares of GoDaddy in the 2nd quarter valued at $66,000. FORA Capital LLC purchased a new position in shares of GoDaddy in the 2nd quarter valued at $1,038,000. Finally, Headlands Technologies LLC purchased a new position in shares of GoDaddy in the 2nd quarter valued at $243,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GDDY. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a report on Friday, August 8th. Wells Fargo & Company reduced their price objective on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada reduced their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Barclays reduced their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Citigroup reduced their price objective on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.43.

GoDaddy Company Profile

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.