On September 9, 2024, Nick Daddario, the Chief Accounting Officer of GoDaddy Inc (GDDY, Financial), executed a sale of 2,976 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 14,728 shares of GoDaddy Inc.
GoDaddy Inc is a company that provides domain registration and web hosting services, among other technology products to small businesses. The company is known for its advertising on TV and in the media, and it serves millions of customers worldwide.
Over the past year, the insider has sold a total of 19,397 shares and has not made any purchases. This recent transaction is part of a broader trend at GoDaddy Inc, where there have been 52 insider sells and no insider buys over the past year.
Shares of GoDaddy Inc were trading at $151.61 on the day of the transaction. The company has a market cap of approximately $21.10 billion. The price-earnings ratio of the stock is 11.96, which is lower than the industry median of 25.6 and also below the company’s historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, GoDaddy Inc is significantly overvalued. The GF Value of $102.02 suggests a price-to-GF-Value ratio of 1.49, indicating that the stock's current price is higher than its estimated fair value.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
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.
