GoDaddy Inc. (NASDAQ:GDDY) director Leah Sweet has sold shares of the company's Class A Common Stock, according to a filing with the Securities and Exchange Commission.
The transaction, executed on November 6, 2026, involved the disposal of 645 shares at a price of $116.67 per share, amounting to $75,252. Following the sale, Sweet directly holds 13,044 shares of GoDaddy Class A Common Stock.
The sale comes as GoDaddy shares were trading at $113.13, with the stock showing strong momentum after gaining 28% over the past six months. According to InvestingPro analysis, the company appears undervalued at current levels, trading at a P/E ratio of 15.6 with a market cap of $13.7 billion.
Despite this insider sale, InvestingPro Tips reveal that management has been aggressively buying back shares—one of 8 additional tips available to subscribers.
The transaction was reported on November 10, 2026, with Jessica Craig signing as Attorney-in-Fact.
In other recent news, GoDaddy reported third-quarter 2026 earnings that surpassed Wall Street expectations. The company achieved adjusted earnings of $2.08 per share on revenue of $1.34 billion, exceeding forecasts of $1.89 per share and $1.32 billion in revenue. This performance was bolstered by the increased adoption of its Airo product, contributing to improvements in bookings, revenue, and margins.
Additionally, GoDaddy's revenue grew by 6.0% year-over-year, surpassing the high end of its guidance. The Applications & Commerce segment saw a revenue increase of approximately 9%, while the Core Platform segment experienced a growth of roughly 4%.
UBS has responded to these developments by raising its price target for GoDaddy to $112 from $100, maintaining a Neutral rating on the stock.
The stock closed at $113.13, up $1.42 (+1.27%), and traded at $113.15 in after-hours activity, up $0.02 (+0.02%).