Insider Sell: COO Roger Chen Sells 4,000 Shares of GoDaddy Inc (GDDY)
GoDaddy Inc (NYSE:GDDY), a company that provides domain name registration, web hosting, and a range of other website services to businesses and individuals, has reported an insider sell according to a recent SEC filing. The company's Chief Operating Officer, Roger Chen, sold 4,000 shares of the company on March 1, 2024. The transaction was executed at an average price of $114.11 per share, resulting in a total value of $456,440.
Over the past year, the insider has sold a total of 148,753 shares of GoDaddy Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 48 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of GoDaddy Inc were trading at $114.11, giving the company a market capitalization of $15,852.147 billion. The stock's price-earnings ratio stands at 11.61, which is lower than the industry median of 28.4 and also below the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, GoDaddy Inc has a price-to-GF-Value ratio of 1.19, indicating that the stock is modestly overvalued when compared to its intrinsic value of $95.85 as estimated by GuruFocus. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at GoDaddy Inc.
The GF Value image above provides a visual representation of GoDaddy Inc's current valuation in relation to its intrinsic value as calculated by GuruFocus.
Investors often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value. While insider selling does not always indicate a bearish outlook, a consistent pattern of sales could suggest that insiders believe the stock may be fully valued or overvalued at current prices.
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.
