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TEMPE, Ariz.—Roger Chen, Chief Operating Officer of GoDaddy Inc. (NYSE:GDDY), a company currently valued at $25.5 billion and maintaining a "GREAT" InvestingPro Financial Health score, recently executed a sale of company stock as disclosed in a regulatory filing. On March 14, Chen sold 1,000 shares of GoDaddy’s Class A common stock at a price of $174.21 per share, totaling $174,210. Following this transaction, Chen retains direct ownership of 257,949 shares in the company. The stock, which has delivered a 49% return over the past year and is currently trading near its InvestingPro Fair Value, shows strong fundamentals with a 64% gross profit margin.
The sale was conducted under a pre-established 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company shares. This plan is often used to avoid potential accusations of insider trading. For deeper insights into GoDaddy’s valuation and 10 additional exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, GoDaddy Inc. reported its fourth-quarter earnings, with adjusted earnings per share of $1.36, which fell short of the $1.43 consensus estimate. However, the company exceeded revenue expectations, posting $1.19 billion compared to the projected $1.18 billion, marking an 8.4% year-over-year increase. GoDaddy’s outlook for 2025 aligns closely with expectations, forecasting full-year revenue between $4.86 billion and $4.94 billion, against analyst estimates of $4.897 billion. Following these results, several analysts updated their price targets for GoDaddy. Benchmark raised its target to $275, highlighting a slight increase in projected revenue for 2025. Cantor Fitzgerald, however, lowered its target to $210, citing limited upside in the company’s forecast for fiscal year 2025. Meanwhile, Raymond (NSE:RYMD) James and Citi raised their targets to $235 and $260, respectively, both maintaining a positive outlook on GoDaddy’s strategic initiatives and product development. These developments reflect a mixed but generally optimistic sentiment among analysts regarding GoDaddy’s future performance.
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