GoDaddy COO Chen sells $169,590 in stock

Published 18/07/2025, 00:18
GoDaddy COO Chen sells $169,590 in stock

GoDaddy Inc (NYSE:GDDY) Chief Operating Officer Roger Chen sold 1,000 shares of Class A Common Stock on July 15, 2025, at a price of $169.59, for a total value of $169,590. The sale comes as GoDaddy trades near its current Fair Value according to InvestingPro analysis, with the company commanding a market capitalization of $24 billion and trading at notably high EBITDA and Price/Book multiples.

Following the transaction, Chen directly owns 253,949 shares of GoDaddy Inc. While this insider sale has occurred, InvestingPro data shows management has been actively buying back shares, demonstrating confidence in the company’s value. The sale was executed pursuant to a pre-arranged 10b5-1 trading plan. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.

In other recent news, GoDaddy Inc. reported strong financial results for the first quarter of 2025, with earnings per share (EPS) of $1.51, surpassing analyst expectations of $1.38. The company’s revenue also exceeded projections, reaching $1.2 billion compared to the expected $1.19 billion. Free cash flow increased by 26% to $411 million, highlighting GoDaddy’s robust financial performance. Despite these positive results, the stock experienced a decline in after-hours trading. Analyst firms have shown varying levels of confidence in GoDaddy’s future prospects. RBC Capital reiterated an outperform rating and emphasized the company’s strong free cash flow outlook, while JPMorgan increased its price target to $240, maintaining an Overweight rating. Benchmark analysts also maintained a Buy rating with a $250 price target, citing GoDaddy’s advancements in artificial intelligence as a significant growth catalyst. Meanwhile, Cantor Fitzgerald raised its price target to $190, keeping a Neutral rating and noting that GoDaddy’s revenue and EBITDA figures surpassed Wall Street’s estimates. These developments indicate a positive sentiment among analysts regarding GoDaddy’s strategic initiatives and growth potential.

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