GoDaddy (NYSE:GDDY) CEO Sells 4,500 Shares

Key Points

• GoDaddy CEO Amanpal Bhutani sold 4,500 shares at an average price of $97.44, totaling $438,480. The Rule 10b5-1 transaction was intended to cover tax withholding on vested equity awards, leaving him with 512,747 shares.
• GoDaddy recently exceeded quarterly earnings and revenue expectations, reporting $1.83 in adjusted EPS and $1.30 billion in revenue, with revenue up 6.6% year over year.
• Analysts maintain a mixed outlook, with the stock carrying an average “Hold” rating and a $110.07 price target. The company also faces proposed securities-fraud litigation alleging inadequate disclosure about the effects of a discounted domain promotion.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) CEO Amanpal Bhutani sold 4,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.44, for a total value of $438,480.00. Following the completion of the sale, the chief executive officer directly owned 512,747 shares in the company, valued at approximately $49,962,067.68. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, September 2nd, Amanpal Bhutani sold 8,194 shares of GoDaddy stock. The stock was sold at an average price of $101.19, for a total transaction of $829,150.86.
• On Monday, August 3rd, Amanpal Bhutani sold 4,500 shares of GoDaddy stock. The stock was sold at an average price of $83.15, for a total value of $374,175.00.

GoDaddy Price Performance

Shares of GDDY traded up $1.70 during mid-day trading on Thursday, hitting $103.57. 1,895,762 shares of the stock were exchanged, compared to its average volume of 1,805,950. The company has a market cap of $13.12 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $150.47. The firm has a 50-day moving average of $93.21 and a two-hundred day moving average of $87.82. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. On average, equities analysts predict that GoDaddy Inc. will post 7.21 earnings per share for the current year.

Institutional Trading of GoDaddy

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in GoDaddy by 5.7% in the fourth quarter. BNP Paribas Financial Markets now owns 945,202 shares of the technology company's stock valued at $117,281,000 after purchasing an additional 50,959 shares during the period. Renaissance Technologies LLC lifted its holdings in GoDaddy by 27.0% in the first quarter. Renaissance Technologies LLC now owns 553,300 shares of the technology company's stock worth $45,741,000 after acquiring an additional 117,800 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of GoDaddy during the fourth quarter valued at $9,303,000. Swiss National Bank grew its holdings in GoDaddy by 4.5% in the 1st quarter. Swiss National Bank now owns 396,500 shares of the technology company's stock worth $32,779,000 after buying an additional 17,100 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in GoDaddy in the 2nd quarter valued at about $28,938,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Analysts’ average price target of approximately $110.07 implies further upside from recent trading levels. GoDaddy also recently exceeded quarterly earnings and revenue expectations, providing a fundamental counterweight to the legal concerns. GoDaddy Analyst Price Target
• Neutral Sentiment: Multiple investor-rights firms are publicizing the same securities class action and the October 20, 2026 deadline for investors to seek lead-plaintiff status. The repeated announcements primarily increase awareness of existing litigation rather than represent a new operating development. Kaplan Fox GoDaddy Class Action Deadline
• Negative Sentiment: GoDaddy faces a proposed securities-fraud class action covering investors who purchased shares between September 3, 2025, and February 24, 2026. The complaint alleges that the company and certain executives failed to disclose the impact of a $4.99 one-year domain promotion, which allegedly encouraged short-term, lower-value contracts and pressured upfront bookings, despite statements that discounting had been turned off. The allegations have not been proven. GoDaddy Securities Class Action Allegations
• Negative Sentiment: Law firms say the alleged disclosure issues preceded an approximately 14% stock decline. Continued litigation could create legal expenses, management distraction, settlement risk and additional pressure on GoDaddy’s valuation. GoDaddy Securities Fraud Lawsuit
• Negative Sentiment: A GoDaddy director sold 325 shares under a pre-arranged Rule 10b5-1 trading plan. The relatively small, scheduled transaction is unlikely to materially affect valuation but may add modest caution among investors. GoDaddy Director Stock Sale

Analyst Ratings Changes

A number of research analysts have weighed in on GDDY shares. Piper Sandler reissued a "neutral" rating and issued a $95.00 target price (up from $93.00) on shares of GoDaddy in a research note on Friday, July 31st. B. Riley Financial decreased their price target on shares of GoDaddy from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Weiss Ratings raised shares of GoDaddy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Benchmark dropped their price objective on shares of GoDaddy from $185.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Finally, Citigroup cut their price target on shares of GoDaddy from $110.00 to $105.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GoDaddy currently has an average rating of "Hold" and an average target price of $110.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source