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Amanpal Bhutani, CEO of GoDaddy Inc (NYSE:GDDY), sold 7,600 shares of the company’s stock 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 to small businesses, among other technology products. The company operates a platform for entrepreneurs around the world, offering easy-to-use tools for website creation, email marketing, and setting up online stores.

In the past year, Amanpal Bhutani sold a total of 110,135 shares and bought no shares of the company. GoDaddy Inc. insider transaction history shows a total of 56 insider sales and no insider purchases in the past year.

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

According to GF Value, GoDaddy Inc.’s intrinsic value 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)

Insider sale: CEO Amanpal Bhutani sells 7,600 shares of GoDaddy Inc (GDDY)

The GF value is calculated based on historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.

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)

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 as it provides insight into the insider’s view on the stock’s valuation and future prospects.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.

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