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Brian Sharples, a director at GoDaddy Inc. (NYSE:GDDY), has executed a sale of 500 shares of the company’s Class A common stock, according to a recent SEC filing. The shares were sold at an average price of $180.66 each, totaling $90,330. The transaction occurred as GoDaddy, now valued at $25.12 billion, trades near its 52-week high of $216, having delivered an impressive 61.91% return over the past year. InvestingPro analysis suggests the stock is slightly overvalued at current levels. This transaction was conducted under a pre-arranged 10b5-1 trading plan. Following the sale, Sharples retains ownership of 22,121 shares in the company. According to InvestingPro, GoDaddy maintains a GREAT overall financial health score, with 10+ additional insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, GoDaddy Inc. reported fourth-quarter earnings that fell short of analyst expectations, posting adjusted earnings per share of $1.36 compared to the $1.43 consensus estimate. However, the company exceeded revenue projections, bringing in $1.19 billion, slightly above the anticipated $1.18 billion and marking an 8.4% year-over-year increase. GoDaddy’s forecast for 2025 aligns closely with expectations, with projected revenue between $4.86 billion and $4.94 billion, against analyst estimates of $4.897 billion. In light of these results, several analysts have adjusted their price targets. Benchmark raised its target to $275, citing a slight increase in projected revenue for 2025, while maintaining a Buy rating. Conversely, Cantor Fitzgerald lowered its target to $210, maintaining a Neutral rating despite acknowledging GoDaddy’s solid performance and strategic initiatives. Raymond (NSE:RYMD) James and Citi analysts also raised their price targets to $235 and $260, respectively, both maintaining strong ratings due to GoDaddy’s robust fourth-quarter performance and promising product developments. These recent developments reflect a mixed but generally optimistic outlook from analysts regarding GoDaddy’s future growth potential.
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