Godaddy COO Roger Chen sells $171,750 in stock

Published 18/04/2025, 00:34
Godaddy COO Roger Chen sells $171,750 in stock

TEMPE, Ariz.—Roger Chen, the Chief Operating Officer of GoDaddy Inc. (NYSE:GDDY), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Chen sold 1,000 shares of Class A Common Stock on April 15 at a price of $171.75 per share, totaling $171,750. The transaction comes as GoDaddy, now valued at $24.29 billion, maintains a "GREAT" financial health score according to InvestingPro analysis.

The transaction was executed under a prearranged 10b5-1 trading plan, a strategy that allows insiders to set up a predetermined schedule for selling stocks, providing an avenue to avoid potential accusations of insider trading. Following this sale, Chen retains ownership of 256,949 shares in GoDaddy. The company, which trades at premium EBITDA and Price/Book multiples, is preparing to report its next earnings on May 1, 2025. Investors seeking deeper insights can access comprehensive valuation metrics and 8 additional key ProTips through InvestingPro’s detailed research report.

In other recent news, GoDaddy Inc. has been the focus of several significant developments. Benchmark analyst Mark Zgutowicz raised the company’s stock price target to $275, citing a slight increase in projected revenue for 2025 and highlighting growth opportunities in GoDaddy’s Average Revenue Per User. Meanwhile, Cantor Fitzgerald’s Deepak Mathivanan adjusted GoDaddy’s stock price target to $210, maintaining a Neutral rating despite solid fourth-quarter results, due to limited upside in the company’s 2025 forecast. Raymond (NSE:RYMD) James analyst Josh Beck lifted the stock target to $235, praising GoDaddy’s 17% growth in Applications and Commerce bookings and the rapid advancement of its Airo AI monetization path. Citi analysts also increased their price target to $260, maintaining a Buy rating after GoDaddy’s fourth-quarter earnings exceeded expectations and noting the company’s promising guidance for 2025. Additionally, GoDaddy has partnered with Arizona State University to launch a venture studio aimed at supporting student-athletes in developing entrepreneurial skills, as part of its global social impact initiative.

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