GoDaddy (NYSE:GDDY) CEO Amanpal Singh Bhutani Sells 34,148 Shares

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 34,148 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total value of $3,038,830.52. Following the completion of the sale, the chief executive officer owned 530,120 shares of the company’s stock, valued at $47,175,378.80. The trade was a 6.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 3rd, Amanpal Singh Bhutani sold 5,231 shares of GoDaddy stock. The shares were sold at an average price of $87.83, for a total transaction of $459,438.73.

GoDaddy Price Performance

Shares of GDDY stock traded down $1.77 during trading hours on Friday, hitting $91.36. 160,189 shares of the company’s stock were exchanged, compared to its average volume of 2,185,362. The company has a market capitalization of $12.35 billion, a PE ratio of 14.66, a PEG ratio of 0.81 and a beta of 0.96. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50. GoDaddy Inc. has a 12-month low of $73.06 and a 12-month high of $193.55. The business’s 50 day simple moving average is $101.89 and its 200-day simple moving average is $123.42.

GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.58 by $0.22. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. On average, equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently made changes to their positions in GDDY. NewSquare Capital LLC increased its position in GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Hemington Wealth Management boosted its stake in shares of GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of GoDaddy during the 4th quarter valued at about $25,000. Activest Wealth Management increased its position in shares of GoDaddy by 6,600.0% during the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after buying an additional 198 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in GoDaddy in the fourth quarter worth about $25,000. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GDDY. Jefferies Financial Group reduced their price target on GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Benchmark dropped their price objective on GoDaddy from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. UBS Group cut their target price on shares of GoDaddy from $145.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Raymond James Financial reiterated a “strong-buy” rating and set a $100.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. Finally, Citigroup dropped their price target on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.93.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported a recent quarterly beat (EPS $1.80 vs. $1.58 expected) with revenue roughly in line and year‑over‑year revenue growth, which provides fundamental support for the shares. Read More.
• Neutral Sentiment: Analyst consensus remains a “Moderate Buy” on GDDY, reflecting mixed views across the sell side — this limits downside but hasn’t offset fresh negative catalysts. Read More.
• Negative Sentiment: Evercore ISI cut its price target to $95 and kept an “In Line” rating — a clear near‑term headwind to sentiment and potential selling pressure from funds tied to analyst targets. Read More.
• Negative Sentiment: Other recent analyst reductions (Citigroup, RBC, Wells Fargo among others) have slashed multiple targets and trimmed upside expectations — this broad re‑rating contributes to the stock decline by reducing bullish analyst support. Read More.
• Negative Sentiment: Several insiders sold material amounts this week: CEO Amanpal Bhutani (34,148 shares on Mar 4, plus earlier sales), CFO Mark McCaffrey (17,406 shares on Mar 4 and earlier sales), the CAO and a director also sold smaller stakes — executive selling at these volumes is signalling near‑term supply and can weigh on investor sentiment. SEC filings: CEO sale Read More.; CFO sale Read More.; CAO sale Read More.

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.