Multiple insiders of GoDaddy (GDDY, Financial) have been trimming their holdings in the month of October.
Scott Wagner, the chief operating officer and president of GoDaddy, sold 8,000 shares on Oct. 5 at a price of $34.61 per share. He sold an additional 8,000 shares for $35.93 per share on Oct. 19.
Barbara Rechterman, the company’s chief marketing officer, sold 19,500 shares on Oct. 4 at a price of $34.56. On Oct. 5, she sold an additional 19,500 shares for $34.62. On Oct. 11, Rechterman sold another 19,500 shares for $35.71, and 19,500 shares for $35.6 per share on Oct. 12. Her final two transactions were a total of 39,000 shares sold on Oct. 18 and 19 for $35.55 per share and $35.94 per share, respectively.
On Oct. 10, Nima Kelly, GoDaddy’s executive vice president general counsel, sold 10,000 shares at a price of $36 per share. Then on Oct. 11, CEO Blake Irving sold 37,500 shares at a price of $35.71. On Oct. 17, Auguste Goldman, GoDaddy’s chief people officer, sold 1,000 shares for $35.63.
Ă‚ In all, 181,500 shares of GoDaddy were sold in insider trades thus far in October, according to the Securities and Exchange Commission.
GoDaddy has a market cap of $5.89 billion, a price-earnings (P/E) ratio of 910.00, an enterprise value of $6.66 billion and a price-book (P/B) ratio of 13.32.
GoDaddy was originally founded in 1997. It went public on the New York Stock Exchange in April 2015. GoDaddy is a company that powers the world’s largest cloud platform dedicated to small, independent ventures. With more than 14 million customers worldwide and more than 63 million domain names under management, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work.
According to GuruFocus, GoDaddy has a 4 of 10 financial strength rating with a cash to debt ratio of 0.46, an equity to asset ratio of 0.12 and an interest coverage of 0.59. It has a Piotroski F-Score of 7 and an Altman Z-Score of 1.42. Its Beneish M-Score of -2.61 suggests the company is not a manipulator of its financial statements. The company also has a profitability & growth rating of 5 of 10. It Ă‚ has an operating margin of 1.98, a net-margin of -1.26, a ROE of -5.39%, a ROA of -0.62% and a ROC (Joel Greenblatt (Trades, Portfolio)) of 10.41%.
It is likely that Godaddy’s insiders sold out a combined total of 181,500 shares in October because the company has reached its high in price since its IPO last year. The company is trading above its intrinsic value, according to the Peter Lynch chart below.
Disclosure:Ă‚ Author does not own any shares of this company.
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