Amanpal Singh Bhutani Sells 4,500 Shares of GoDaddy (NYSE:GDDY) Stock

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.15, for a total transaction of $374,175.00. Following the completion of the sale, the chief executive officer directly owned 517,247 shares of the company’s stock, valued at $43,009,088.05. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 2nd, Amanpal Singh Bhutani sold 8,373 shares of GoDaddy stock. The shares were sold at an average price of $89.86, for a total transaction of $752,397.78.

GoDaddy Stock Performance

Shares of GDDY stock opened at $90.59 on Friday. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.82 and a beta of 0.90. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $155.90. The company has a quick ratio of 0.67, a current ratio of 0.63 and a debt-to-equity ratio of 561.10. The company’s 50 day moving average is $86.81 and its 200 day moving average is $88.14.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.GoDaddy’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. On average, sell-side analysts anticipate that GoDaddy Inc. will post 7.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GDDY shares. B. Riley Financial dropped their price objective on GoDaddy from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Benchmark decreased their price target on shares of GoDaddy from $185.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of GoDaddy to a “buy” rating in a report on Friday, July 31st. Raymond James Financial lowered shares of GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price objective for the company. in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of GoDaddy from $154.00 to $124.00 and set an “overweight” rating for the company in a research note on Thursday, June 18th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.33.

Institutional Investors Weigh In On GoDaddy

Institutional investors have recently added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC purchased a new position in shares of GoDaddy in the 4th quarter valued at approximately $25,000. Activest Wealth Management grew its position in GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after purchasing an additional 198 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GoDaddy during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. increased its stake in GoDaddy by 145.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock valued at $35,000 after purchasing an additional 150 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of GoDaddy by 191.0% in the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock worth $32,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Key GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Recent earnings exceeded expectations. GoDaddy reported quarterly EPS of $1.83 versus the $1.69 consensus estimate, while revenue reached $1.30 billion, ahead of forecasts and up 6.6% year over year. Analysts’ average price target of approximately $110.33 remains above the current trading range, suggesting potential upside if concerns ease. GoDaddy earnings and analyst data
• Neutral Sentiment: CEO stock sale was disclosed. Amanpal Singh Bhutani sold 4,500 shares for approximately $374,000, reducing his direct holdings by 0.86%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan and left him with more than 517,000 shares, it is a limited signal of management’s current outlook. SEC insider trading filing
• Negative Sentiment: Law firms announced investigations into possible securities-law violations. Kaplan Fox and Rosen Law Firm are seeking information from GoDaddy investors regarding allegations that the company may have issued materially misleading business information. The announcements do not establish wrongdoing, but they raise potential litigation, reputational and disclosure risks and could increase volatility. Rosen Law Firm investigation Kaplan Fox investigation
• Negative Sentiment: Analysts have become more cautious. Wedbush lowered its price target to $93 from $109, while Citigroup also reduced its expectations. Other recent actions included rating downgrades or moves to more neutral stances, potentially weighing on investor confidence despite the broader “Moderate Buy” consensus. Wedbush forecast Citigroup expectations

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.