GoDaddy Inc CEO Amanpal Bhutani Sells 7,600 Shares
On March 8, 2024, CEO Amanpal Bhutani of GoDaddy Inc (NYSE:GDDY) sold 7,600 shares of the company. The transaction was filed with the SEC and can be found in detail through the provided document.
GoDaddy Inc is a company that provides a variety of services to help individuals and businesses establish an online presence. Their offerings include domain registration, website hosting, website building tools, and online marketing services.
Over the past year, the insider has sold a total of 98,314 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 51 insider sells for GoDaddy Inc.
On the day of the sale, shares of GoDaddy Inc were trading at $113.8, giving the company a market capitalization of $16.325 billion. The price-earnings ratio of the company stands at 11.96, which is lower than the industry median of 27.77 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.19, with a GF Value of $95.59, indicating that GoDaddy Inc is considered Modestly Overvalued according to GuruFocus's valuation. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
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.
This article first appeared on GuruFocus.
