GoDaddy CEO Bhutani sells $988k in stock

Published 06/09/2025, 01:22
GoDaddy CEO Bhutani sells $988k in stock

GoDaddy Inc. NASDAQ:GDDY Chief Executive Officer Amanpal Singh Bhutani sold 6,950 shares of Class A Common Stock on September 3, 2025, at a price of $142.21, for a total transaction value of $988359. The transaction occurs as GoDaddy, currently valued at $20 billion, trades near $145 per share. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, with management actively pursuing share buybacks.

Following the transaction, Bhutani directly owns 412,065 shares of GoDaddy Inc.

The sale was executed to satisfy tax withholding obligations related to the vesting of restricted stock units, according to a footnote in the SEC filing.

In other recent news, GoDaddy Inc. reported its second-quarter 2025 earnings, with an earnings per share (EPS) of $1.41, slightly surpassing the forecast of $1.38. The company’s revenue met expectations at $1.21 billion. Additionally, GoDaddy launched a new merchant cash advance program called GoDaddy Capital, offering up to $1 million to small and medium-sized businesses within 24 hours. This financing option is available exclusively to GoDaddy Payments users and features a flexible repayment structure.

Benchmark maintained its Buy rating on GoDaddy with a price target of $250, citing the company’s operational efficiencies and AI initiatives. The research firm noted that GoDaddy’s revenue is growing at twice the rate of its operating expenses, indicating strong operational leverage. Piper Sandler upgraded GoDaddy from Neutral to Overweight, raising its price target to $182.00, highlighting the company’s consistent business performance despite a recent 32% share retreat. These developments reflect ongoing confidence in GoDaddy’s business strategy and financial health.

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