Want deeper insights? InvestingPro subscribers get access to 14 additional ProTips and a comprehensive Pro Research Report for GoDaddy (NYSE: ), 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 made under a prearranged 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a specific time to avoid any insider trading charges.
The sale was made under a prearranged 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a specific time to avoid any insider trading charges.
In other recent news, GoDaddy Inc. successfully closed 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 notable news, GoDaddy saw several analyst firms, including Baird, RBC Capital Markets and JPMorgan, revise their stock targets upward following the company’s impressive third-quarter financial performance, which saw total revenue increase 7% year-over-year. year. , reaching $1.15 billion. Namely, the application and store segment of the company saw revenue growth of 16%. GoDaddy also named 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 strong financial foundation and its potential for continued growth.
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