Amanpal Singh Bhutani Sells 6,000 Shares of GoDaddy (NYSE:GDDY) 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 transaction of $900,000.00. Following the completion of the transaction, the chief executive officer owned 406,065 shares in the company, valued at $60,909,750. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 transaction 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 transaction 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 transaction of $1,061,580.00.

GoDaddy Trading Down 2.2%

GoDaddy stock opened at $145.30 on Friday. The firm has a 50 day moving average of $154.93 and a 200 day moving average of $170.42. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.61 and a beta of 1.02. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33.

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

Institutional Trading of GoDaddy

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its holdings in GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of GoDaddy during the 2nd quarter worth $26,000. NewSquare Capital LLC lifted its stake in GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Park Square Financial Group LLC acquired a new position in GoDaddy during the 1st quarter worth about $27,000. Finally, Private Trust Co. NA lifted its stake in GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GDDY. Barclays cut their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Citigroup lowered their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. Raymond James Financial decreased their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, August 8th. Finally, Royal Bank Of Canada cut their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

About GoDaddy

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.