Insider Sales Surge at $GDDY Amid Mixed Hedge Fund Activity

Insider trading activity at $GDDY indicates significant selling with no purchases, as seen in the latest report. Investors should note the potential implications for stock performance.

Date: 05-03-2025

AI Rating: 4

Insider Trading Observations

The report indicates a marked increase in insider selling at $GDDY, with 31 discernible trades over the last 6 months, of which 31 are sales and none are purchases. This trend raises concerns about the confidence of company insiders in the future prospects of $GDDY stock.

Director Brian Sharples sold 500 shares, equating to approximately 2.2% of his holdings, suggesting a lack of long-term confidence at the director level.

The Chief Executive Officer, Amanpal Singh Bhutani, sold a substantial 31,620 shares over 8 trades, totaling over $5.7 million. Such heavy divestiture may be read negatively by investors, potentially leading to a bearish sentiment surrounding $GDDY's stock price.

Hedge Fund Activity

The hedge fund dynamics reflect mixed sentiments about $GDDY. While 355 institutional investors increased their stakes, a significant 377 reduced theirs. The notable contributors to this fluctuation include WCM Investment Management, which notably added over 3.3 million shares, representing a staggering 7083.4% increase. In contrast, Millennium Management cut their position drastically by 98.1%. This divergence suggests uncertainty among institutional investors about the company’s future.

Congressional Trading

Interestingly, recent trades by Congress members show a more positive angle, with 4 purchases against just 2 sales. This could bolster some investor confidence, indicating that political insiders may have a more favorable outlook.

Stocks: GDDY