Want deeper insights? InvestingPro subscribers get access to 14 additional ProTips and a comprehensive Pro Research Report for GoDaddy (NYSE:GDDY), helping investors make more informed decisions. Want deeper insights? InvestingPro subscribers get access to 14 additional ProTips and a comprehensive Pro Research Report for GoDaddy, helping investors make more informed decisions. The sale was executed under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a set time to avoid any allegations of insider trading.
The sale was executed under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a set time to avoid any allegations of insider trading.
In other recent news, GoDaddy Inc. successfully completed a $1.46 billion refinancing deal, a strategic financial move aimed at improving the company's liquidity management. This development is part of the company's ongoing efforts to optimize its capital structure and reduce its cost of capital. In other significant news, GoDaddy has seen several analyst firms, including Baird, RBC Capital Markets, and JPMorgan (NYSE:JPM), revise their stock targets upwards following the company's impressive third quarter financial performance, which saw a 7% year-over-year increase in total revenue, reaching $1.15 billion. Notably, the company's Applications & Commerce segment experienced a 16% growth in revenue. GoDaddy also appointed Phontip Palitwanon as the new Chief Accounting Officer following a restructuring within the accounting department. These recent developments underscore GoDaddy's commitment to maintaining a robust financial foundation and its potential for continued growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.