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Amanpal Singh Bhutani, the CEO of GoDaddy Inc. (NYSE:GDDY), sold 3,000 shares of the company’s Class A Common Stock on March 3, 2025, at a price of $180.66 per share, netting a total of $541,980. This transaction was conducted under a 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell shares, thereby avoiding potential accusations of insider trading. The sale comes as GoDaddy’s stock has delivered an impressive 61.91% return over the past year, according to InvestingPro data, though current analysis suggests the stock is trading slightly above its Fair Value.
In addition to the sale, Bhutani also acquired shares through two separate transactions. On February 28, 2025, he received 49,178 shares as part of a grant of Restricted Stock Units (RSUs), which will vest quarterly over three years starting June 1, 2025. The following day, March 1, 2025, he acquired 129,318 shares issued upon the settlement of Performance Share Units (PSUs), which had been granted on February 28, 2022, and vested based on performance conditions met by the end of 2024. These grants reflect confidence in GoDaddy’s future, with the company maintaining a "GREAT" financial health score according to InvestingPro’s comprehensive analysis.
Following these transactions, Bhutani holds a total of 505,649 shares of GoDaddy’s Class A Common Stock. With the company’s current market capitalization of $25.12 billion and analyst price targets ranging from $150 to $275, investors can access detailed valuation metrics and 10+ additional ProTips through InvestingPro’s exclusive research reports.
In other recent news, GoDaddy Inc. reported fourth-quarter earnings that did not meet analyst expectations, with adjusted earnings per share at $1.36, falling short of the $1.43 consensus estimate. However, the company exceeded revenue projections, posting $1.19 billion, slightly above the anticipated $1.18 billion, marking an 8.4% year-over-year increase. GoDaddy’s forecast for 2025 aligns with expectations, projecting first-quarter revenue between $1.175 billion and $1.195 billion and full-year revenue between $4.86 billion and $4.94 billion. In light of these developments, Citi analysts raised their price target for GoDaddy to $260, citing the company’s strong performance and potential for upward revisions in guidance. Raymond (NSE:RYMD) James also increased its price target to $235, maintaining a Strong Buy rating, highlighting GoDaddy’s 17% growth in Applications and Commerce bookings. Benchmark analyst Mark Zgutowicz adjusted his price target to $275, reflecting a slight increase in projected 2025 revenue. Conversely, Cantor Fitzgerald lowered its price target to $210, maintaining a Neutral rating, despite acknowledging GoDaddy’s solid fourth-quarter results. Overall, analysts have noted GoDaddy’s strategic initiatives and strong cash flow generation, which may influence future investor sentiment.
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