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TEMPE, AZ—Roger Chen, the Chief Operating Officer of GoDaddy Inc. (NYSE:GDDY), recently sold 1,000 shares of the company’s Class A common stock. The transaction, executed on February 14, 2025, was conducted at an average price of $194.28 per share, amounting to a total sale value of $194,280.
Following this sale, Chen holds 182,632 shares directly. The transaction was carried out as part of a pre-arranged 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a predetermined time to avoid concerns about insider trading. According to InvestingPro, GoDaddy currently maintains a market capitalization of $25.54 billion, with annual revenue reaching $4.57 billion.
GoDaddy, headquartered in Tempe, Arizona, continues to be a key player in the domain registration and web hosting industry. The company maintains a "GOOD" overall financial health score according to InvestingPro, which offers 12 additional investment tips and comprehensive analysis in its Pro Research Report.
In other recent news, GoDaddy Inc. reported fourth-quarter earnings that fell short of analyst expectations, with adjusted earnings per share at $1.36, missing the consensus estimate of $1.43. Despite this, the company surpassed revenue projections, posting $1.19 billion, slightly above the expected $1.18 billion, marking an 8.4% year-over-year increase. GoDaddy’s outlook for 2025 aligns closely with market expectations, forecasting full-year revenue between $4.86 billion and $4.94 billion. Citi analysts have raised their price target for GoDaddy to $260, citing the company’s strong performance and potential for upward revisions in its conservative 2025 guidance. Raymond (NSE:RYMD) James also increased their target to $235, maintaining a Strong Buy rating, while highlighting GoDaddy’s notable 17% growth in Applications and Commerce bookings. Benchmark adjusted its price target to $275, reflecting a slight increase in projected 2025 revenue, while Cantor Fitzgerald lowered its target to $210 due to limited upside in the company’s fiscal 2025 forecast. The firm’s strategic initiatives, such as the Airo AI monetization path and new product developments, are expected to drive future growth, according to analysts.
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