Godaddy CEO Amanpal Singh Bhutani sells $539,550 in stock

Published 04/04/2025, 02:30
Godaddy CEO Amanpal Singh Bhutani sells $539,550 in stock

GoDaddy Inc. (NYSE:GDDY), the $25.1 billion market cap web hosting giant, saw its Chief Executive Officer Amanpal Singh Bhutani recently sell a portion of his holdings in the company. According to a recent SEC filing, Bhutani sold 3,000 shares of Class A Common Stock on April 1, 2025, at a price of $179.85 per share. The stock has demonstrated robust performance, delivering a 43% return over the past year. The total value of the transaction amounted to $539,550. Following this sale, Bhutani retains ownership of 443,947 shares. The transaction was conducted under a pre-arranged 10b5-1 trading plan. According to InvestingPro analysis, GoDaddy maintains a "GREAT" financial health score, though it’s currently trading at high valuation multiples. InvestingPro subscribers can access 8 additional key insights about GDDY’s financial position and growth prospects through the comprehensive Pro Research Report.

In other recent news, GoDaddy Inc. has been the focus of several significant developments. Benchmark analyst Mark Zgutowicz increased the company’s stock price target to $275, citing a slight increase in projected revenue for 2025. Meanwhile, Cantor Fitzgerald adjusted its price target for GoDaddy to $210, maintaining a Neutral rating, following the company’s solid fourth-quarter results. Despite a dip in share price, Cantor Fitzgerald’s analyst noted GoDaddy’s strong performance in product and merchandising initiatives, which are expected to drive bookings growth in 2025.

Raymond (NSE:RYMD) James also raised GoDaddy’s stock target to $235, maintaining a Strong Buy rating, highlighting the company’s successful execution and rapid advancement of its Airo AI monetization path. Citi analysts echoed a positive outlook, increasing their price target to $260 and emphasizing the company’s strong fourth-quarter earnings. Citi noted GoDaddy’s conservative guidance for 2025, suggesting potential for upward revisions, and highlighted the company’s robust free cash flow generation.

In addition to these financial updates, GoDaddy has partnered with Arizona State University to launch the Student-Athlete Venture Studio, aimed at helping student-athletes develop entrepreneurial skills. This initiative is part of GoDaddy’s global social impact program, Empower by GoDaddy, and provides over $1 million in support to student-athletes. These recent developments underscore GoDaddy’s strategic initiatives and ongoing efforts to expand its offerings and impact.

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