GoDaddy director Sharples sells $73k in stock

Published 05/09/2025, 00:40
GoDaddy director Sharples sells $73k in stock

Director Brian Sharples of GoDaddy Inc (NYSE:GDDY) sold 500 shares of Class A Common Stock on September 2, 2025, at a price of $146.26, totaling $73130. The transaction occurred as GoDaddy, currently valued at $20.1 billion, trades near its Fair Value according to InvestingPro analysis. Despite this individual sale, management has been actively buying back shares, and three analysts have recently revised their earnings expectations upward.

Following the transaction, Sharples directly owns 20957 shares of GoDaddy Inc. The sale was executed under a pre-arranged 10b5-1 trading plan. With a robust financial health score rated as "GOOD" by InvestingPro, which offers comprehensive analysis and additional insights through its detailed Pro Research Report, the company maintains strong fundamentals despite recent insider activity.

In other recent news, GoDaddy Inc. reported its second-quarter 2025 earnings, revealing an earnings per share of $1.41, which slightly surpassed the forecast of $1.38. The company’s revenue aligned with expectations at $1.21 billion. Benchmark reiterated its Buy rating on GoDaddy, maintaining a price target of $250, emphasizing the company’s operational efficiencies and AI initiatives. Piper Sandler upgraded GoDaddy from Neutral to Overweight, raising its price target to $182, citing the company’s consistent business performance despite a 32% share retreat since the fourth-quarter earnings report. Additionally, GoDaddy launched a new merchant cash advance program called GoDaddy Capital, offering up to $1 million to small and medium-sized businesses. This financing option is available exclusively to GoDaddy Payments users and includes a flexible repayment structure. These developments highlight ongoing strategic initiatives and analyst confidence in GoDaddy’s operational capabilities.

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