US stock futures flounder amid tech weakness, Fed caution
TEMPE, Ariz.—Jared F. Sine, Chief Strategy and Legal Officer at GoDaddy Inc. (NYSE:GDDY), recently executed a significant stock sale at the $25.14 billion web hosting giant, which has delivered an impressive 43% return to shareholders over the past year. According to a recent SEC filing, Sine sold 10,666 shares of the company’s Class A Common Stock on April 2, 2025. The shares were sold at a price of $179.61 each, amounting to a total transaction value of approximately $1.92 million.
The sale was conducted to satisfy tax withholding obligations associated with the vesting of Restricted Stock Units, as per company policy. Following this transaction, Sine retains ownership of 69,045 shares of GoDaddy stock. According to InvestingPro analysis, GoDaddy currently trades slightly above its Fair Value, with the company maintaining a "GREAT" financial health score. Investors can access more detailed insights and 8 additional ProTips through InvestingPro’s comprehensive research report.
In other recent news, GoDaddy has been the focus of several notable developments. Analysts have been adjusting their price targets for the company following its strong fourth-quarter performance. Benchmark increased the price target to $275, reflecting a slight increase in projected revenue for 2025, while maintaining a Buy rating. Raymond (NSE:RYMD) James also raised its target to $235, citing strong growth in Applications and Commerce bookings and the rapid advancement of its Airo AI monetization path. Meanwhile, Citi set a new target at $260, noting GoDaddy’s conservative yet promising guidance for 2025 and highlighting the company’s robust free cash flow generation.
In contrast, Cantor Fitzgerald lowered its price target to $210, maintaining a Neutral rating despite acknowledging GoDaddy’s solid fourth-quarter results and product initiatives. Additionally, GoDaddy has partnered with Arizona State University to launch a venture studio aimed at supporting student-athletes in developing entrepreneurial skills. This program, part of GoDaddy’s global social impact initiative, will provide mentorship, resources, and funding opportunities for over 650 student-athletes. These recent developments underscore GoDaddy’s ongoing efforts to enhance its offerings and strategic initiatives.
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