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Amanpal Singh Bhutani, the Chief Executive Officer of GoDaddy Inc. (NYSE:GDDY), recently sold 3,000 shares of the company’s Class A common stock. The transaction, which took place on February 3, 2025, was executed at a price of $207.70 per share, amounting to a total sale value of $623,100. The sale comes as GoDaddy trades near its 52-week high of $216, with the stock showing remarkable strength, up over 90% in the past year. According to InvestingPro analysis, the company currently trades at premium valuation multiples. This sale was conducted under a 10b5-1 trading plan, a prearranged trading agreement that allows insiders to sell stock at predetermined times. Following the transaction, Bhutani holds 330,153 shares of GoDaddy. With a market capitalization of $29.35 billion and analyst price targets ranging from $135 to $251, investors can access deeper insights into GoDaddy’s valuation and insider trading patterns through InvestingPro’s comprehensive research reports.
In other recent news, GoDaddy Inc. has seen a flurry of activity from financial analysts and has secured a significant refinancing deal. Piper Sandler maintained a Neutral rating on GoDaddy, expressing caution as the company approaches its fourth-quarter earnings release, while acknowledging the company’s focus on producing attractive free cash flow per share outcomes. Wells Fargo (NYSE:WFC) initiated coverage on GoDaddy, assigning an Equal Weight rating and a price target of $198.00, noting the company’s uptick in its Applications & Commerce segment growth.
Citi reaffirmed its Buy rating for GoDaddy with a steady price target of $251.00, highlighting the potential for strong bookings in 2025 and the introduction of Airo Plus. On another financial front, GoDaddy successfully completed a refinancing of its existing credit facilities, securing a new $1,463 million tranche of term loans, enhancing the company’s financial flexibility. Lastly, Baird maintained its Outperform rating on GoDaddy and increased its price target to $250, expressing increased confidence in GoDaddy’s recent advancements. These are just a few of the recent developments surrounding GoDaddy.
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