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TEMPE, Ariz.—GoDaddy Inc. (NYSE:GDDY), the $25.1 billion market cap web hosting and domain registration giant, saw its Chief Financial Officer Mark McCaffrey recently sell a significant portion of his holdings in the company. According to a recent SEC filing, McCaffrey sold 5,500 shares of GoDaddy’s Class A Common Stock on April 1 at an average price of $179.85 per share, amounting to a total of approximately $989,175. This transaction was conducted under a 10b5-1 trading plan. InvestingPro analysis indicates the company maintains a "GREAT" overall financial health score.
Additionally, on April 2, McCaffrey sold another 625 shares at an average price of $179.61 per share, totaling about $112,256. This sale was made to satisfy tax withholding obligations related to the vesting of Restricted Stock Units, as per company policy. Following these transactions, McCaffrey holds 114,750 shares of GoDaddy’s Class A Common Stock. The company has demonstrated strong performance with a 43.4% return over the past year and revenue growth of 7.5% in the last twelve months.
These transactions highlight McCaffrey’s ongoing management of his investment in the company, as he continues to balance personal financial planning with his executive role. For deeper insights into GoDaddy’s valuation and growth prospects, including 8 additional key ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, GoDaddy has been the focus of several notable developments. Benchmark analyst Mark Zgutowicz raised the company’s stock price target to $275, citing an increase in projected revenue for 2025 and highlighting growth opportunities in the Applications & Commerce segment. Raymond (NSE:RYMD) James analyst Josh Beck also lifted the stock target to $235, commending GoDaddy’s strong fourth-quarter performance and the rapid advancement of its Airo AI monetization strategy. Meanwhile, Citi analysts increased their price target to $260, noting the company’s robust quarterly earnings and potential for upward revisions in 2025 guidance.
Conversely, Cantor Fitzgerald adjusted its price target for GoDaddy to $210, maintaining a Neutral rating despite acknowledging the company’s solid fourth-quarter results. The firm pointed to limited upside in GoDaddy’s fiscal year 2025 forecast as a reason for the adjustment. Additionally, GoDaddy has partnered with Arizona State University to launch a venture studio aimed at supporting student-athletes in developing their entrepreneurial skills. This initiative is designed to help athletes capitalize on their name, image, and likeness rights, providing them with resources and mentorship to build business ventures.
These recent developments reflect a mix of optimism and caution among analysts and highlight GoDaddy’s efforts to drive growth through strategic initiatives and partnerships.
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