GoDaddy (GDDY) CEO Amanpal Bhutani sells $530,100 in stock

GoDaddy CEO Amanpal Bhutani has sold 4,500 shares of the company's Class A Common Stock on November 2, 2026. The sale, conducted under a pre-arranged 10b5-1 trading plan, saw the shares exchanged at $117.8 each, amounting to a total value of $530,100. Post the transaction, Bhutani personally holds 495,553 shares of GoDaddy's common stock.

The transaction unfolds amidst a surge in GoDaddy's stock price, which has climbed by 35% over the last six months. The shares are currently trading at $118.32, with a Price-to-Earnings (P/E) ratio of 16.34. According to InvestingPro analysis, the stock appears undervalued compared to its Fair Value, and thus, is listed among the most undervalued equities.

InvestingPro subscribers have access to 11 extra tips and detailed Pro Research Reports for over 1,400 US equities. In another update, GoDaddy announced its third-quarter 2026 earnings, surpassing market expectations. The adjusted earnings per share were $2.08, generated from a revenue of $1.34 billion. These results exceeded the estimated $1.89 per share and $1.32 billion in revenue, respectively.

The company credited its financial success to the expanding use of its Airo product, which has positively influenced bookings, revenue, and margins. GoDaddy's third-quarter revenue grew by 6.0% year-over-year. Applications & Commerce revenue expanded by roughly 9%, while Core Platform revenue increased by about 4%.

UBS responded positively to these developments by raising its price target for GoDaddy from $100 to $112 and maintaining a Neutral rating on the stock. The recent developments highlight GoDaddy's ongoing growth and robust market performance. This report was produced with AI assistance and reviewed by an editor, adhering to the specified guidelines.