We wouldn't blame GoDaddy Inc. (NYSE:GDDY) shareholders if they were a little worried about the fact that Amanpal Bhutani, the CEO & Director recently netted about US$752k selling shares at an average price of US$89.86. However, that sale only accounted for 2.1% of their holding, so arguably it doesn't say much about their conviction.

GoDaddy Insider Transactions Over The Last Year

Notably, that recent sale by CEO & Director Amanpal Bhutani was not the only time they sold GoDaddy shares this year. They previously made an even bigger sale of -US$3.5m worth of shares at a price of US$88.99 per share. So we know that an insider sold shares at around the present share price of US$84.38. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year GoDaddy insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of GoDaddy

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of GoDaddy shares, worth about US$72m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About GoDaddy Insiders?

Insiders sold GoDaddy shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since GoDaddy is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.