GoDaddy (NYSE:GDDY) CEO Amanpal Singh Bhutani Sells 5,231 Shares of Stock

GoDaddy Inc. (NYSE:GDDY) CEO Amanpal Singh Bhutani sold 5,231 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $87.83, for a total transaction of $459,438.73. Following the completion of the transaction, the chief executive officer directly owned 564,268 shares of the company’s stock, valued at approximately $49,559,658.44. The trade was a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, March 4th, Amanpal Singh Bhutani sold 34,148 shares of GoDaddy stock. The stock was sold at an average price of $88.99, for a total value of $3,038,830.52.

GoDaddy Trading Down 1.0%

Shares of NYSE:GDDY traded down $0.96 during trading on Friday, hitting $92.17. The company had a trading volume of 448,393 shares, compared to its average volume of 2,192,321. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. GoDaddy Inc. has a one year low of $73.06 and a one year high of $193.55. The company has a fifty day simple moving average of $101.89 and a two-hundred day simple moving average of $123.42. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.61.

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

Institutional Trading of GoDaddy

Institutional investors and hedge funds have recently modified their holdings of the stock. Hemington Wealth Management increased its holdings in GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after purchasing an additional 85 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GoDaddy during the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of GoDaddy during the fourth quarter valued at $25,000. Activest Wealth Management increased its stake 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, NewSquare Capital LLC raised its holdings in shares of GoDaddy by 170.9% in the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GDDY shares. Royal Bank Of Canada dropped their price target on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Evercore set a $95.00 price objective on shares of GoDaddy in a research note on Wednesday, February 25th. Citigroup dropped their target price on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company reduced their price target on GoDaddy from $145.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $100.00 price target on shares of GoDaddy in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $131.93.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported a quarter with EPS of $1.80 vs. $1.58 expected and revenue up ~6.8% year‑over‑year, giving the company a fundamental earnings tailwind. Quarterly Results
• Neutral Sentiment: Analyst consensus remains a “Moderate Buy” (mixed ratings across the sell side), which limits upside but keeps coverage broadly constructive. Analyst Consensus
• Negative Sentiment: Significant insider selling this week is creating near‑term supply pressure: CEO Amanpal Bhutani sold 34,148 shares (Mar 4) and CFO Mark McCaffrey sold 17,406 shares (Mar 4). Large executive sales often weigh on sentiment; see SEC filings for the CEO and CFO. CEO Form 4 CFO Form 4
• Negative Sentiment: Several analysts have cut price targets recently (Evercore to $95 with an “In Line” rating; others trimmed targets), which reduces upside expectations and can prompt institutional rebalancing or selling. Evercore Note Analyst Coverage Summary

About GoDaddy

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.