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Insider Sale: CEO Amanpal Bhutani Sells 7,600 Shares of GoDaddy Inc (GDDY)

Amanpal Bhutani, CEO of GoDaddy Inc (NYSE:GDDY), sold 7,600 shares of the company on June 7, 2024. The transaction was reported in a recent SEC Filing. Following this transaction, the insider now owns 369,898 shares of GoDaddy Inc.

GoDaddy Inc is a company that provides domain name registration and web hosting services, among other technology products to small businesses. The company operates a platform for entrepreneurs around the globe, offering user-friendly tools for website building, email marketing, and online store creation.

Over the past year, Amanpal Bhutani has sold a total of 110,135 shares and has not made any purchases of the company's stock. The insider transaction history for GoDaddy Inc shows a total of 56 insider sells and no insider buys over the past year.

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On the day of the sale, shares of GoDaddy Inc were trading at $138.92, giving the company a market cap of $20.019 billion. The price-earnings ratio of the company stands at 11.80, which is lower than the industry median of 26.105 and also below the companys historical median.

According to the GF Value, the intrinsic value of GoDaddy Inc is estimated at $98.77 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.41.

Insider Sale: CEO Amanpal Bhutani Sells 7,600 Shares of GoDaddy Inc (GDDY)
Insider Sale: CEO Amanpal Bhutani Sells 7,600 Shares of GoDaddy Inc (GDDY)

The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.

Insider Sale: CEO Amanpal Bhutani Sells 7,600 Shares of GoDaddy Inc (GDDY)
Insider Sale: CEO Amanpal Bhutani Sells 7,600 Shares of GoDaddy Inc (GDDY)

This sale by the insider may be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.

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.