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GoDaddy Inc (NYSE:GDDY) Chief Strategy & Legal Officer Jared F. Sine sold a total of 836 shares of Class A Common Stock on September 2nd and 3rd, according to a Form 4 filing with the Securities and Exchange Commission.
On September 2, Sine sold 475 shares at a price of $146.26, for a total of $69473. The shares were sold pursuant to a 10b5-1 trading plan. On September 3, Sine sold 361 shares at $142.21, totaling $51337. These shares were sold to satisfy tax withholding obligations related to the vesting of Restricted Stock Units, in accordance with company policy. Following these transactions, Sine directly owns 65,577 shares of GoDaddy Inc. While this insider sale occurred, InvestingPro data reveals that management has been actively buying back shares, suggesting confidence in the company’s outlook. Discover 6 more exclusive InvestingPro Tips and comprehensive analysis in our detailed Pro Research Report.
In other recent news, GoDaddy Inc. reported its second-quarter 2025 earnings, with an earnings per share (EPS) of $1.41, slightly exceeding the projected $1.38, resulting in a 2.17% surprise. The company’s revenue was in line with expectations at $1.21 billion. Benchmark has reiterated its Buy rating on GoDaddy, maintaining a price target of $250.00, emphasizing the company’s operational efficiencies and AI initiatives. Piper Sandler upgraded GoDaddy from Neutral to Overweight, raising its price target to $182.00, citing the company’s consistent business performance despite a recent 32% share decline. Additionally, GoDaddy launched GoDaddy Capital, a merchant cash advance program offering up to $1 million to small and medium-sized businesses, available exclusively to GoDaddy Payments users. This new financing option features a flexible repayment structure based on a fixed percentage of daily sales. These developments reflect ongoing strategic moves by GoDaddy to enhance its market position and financial offerings.
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