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TEMPE, Ariz.—Brian Sharples, a director at GoDaddy Inc. (NYSE:GDDY), executed a sale of 500 shares of the company’s Class A Common Stock on April 1, according to a recent filing with the Securities and Exchange Commission. The shares were sold at a price of $179.85 each, amounting to a total transaction value of $89,925. The transaction occurred near GoDaddy’s current trading price of $177.67, with the stock showing impressive momentum, up over 43% in the past year.
Following the sale, Sharples holds 21,621 shares of GoDaddy. The transaction was conducted under a pre-set 10b5-1 trading plan, which allows insiders to sell a predetermined number of shares at a predetermined time, providing a measure of protection against accusations of insider trading. The company, currently valued at $25.1 billion, maintains a "GREAT" financial health score according to InvestingPro analysis.
GoDaddy, a prominent player in the domain registration and web hosting industry, is headquartered in Tempe, Arizona. The company continues to be a significant entity in the tech sector, offering a range of services to small businesses and entrepreneurs. With revenue growth of 7.5% and a robust gross profit margin of 64%, GoDaddy demonstrates strong operational performance. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of over 1,400 US stocks.
In other recent news, GoDaddy has been the focus of several analyst updates and strategic initiatives. Benchmark analyst Mark Zgutowicz raised the price target for GoDaddy to $275, citing increased revenue projections for 2025 and highlighting growth opportunities in the company’s Applications & Commerce segment. Meanwhile, Cantor Fitzgerald adjusted their price target for GoDaddy to $210, maintaining a Neutral rating despite noting the company’s strong fourth-quarter performance and ongoing strategic initiatives. Raymond (NSE:RYMD) James also increased their price target to $235, praising GoDaddy’s execution in monetizing its Airo AI platform and noting positive customer engagement with new product offerings.
Citi analysts joined in by raising their price target to $260, following GoDaddy’s impressive fourth-quarter earnings that exceeded expectations. They pointed out the company’s conservative guidance for 2025, suggesting potential for upward revisions. Additionally, GoDaddy and Arizona State University launched a venture studio aimed at helping student-athletes develop entrepreneurial skills. This initiative provides tools and resources to capitalize on name, image, and likeness rights, offering over $1 million in support.
GoDaddy’s recent developments reflect a mix of analyst optimism and strategic partnerships, underlining its focus on growth and innovation. The company’s initiatives, such as the Airo Plus suite and venture studio, are designed to drive customer engagement and expand revenue streams. These moves are part of GoDaddy’s broader strategy to enhance its market position and foster long-term growth.
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