Want deeper insights? InvestingPro Subscribers get access to 14 additional ProTips and a comprehensive professional 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 GoDaddy professional research report, helping investors make more informed decisions. The sale was executed under a prearranged 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a specified time to avoid any allegations of insider trading.
The sale was carried out under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell a pre-determined number of shares at a specified time to avoid any allegations of insider trading.
In other recent news, GoDaddy Inc. has completed… 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 improve its capital structure and reduce its cost of capital. In other big 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 a 7% increase in total revenue year-over-year. Reaching $1.15 billion. It is worth noting that the company's applications and commerce sector witnessed a 16% growth in revenues. GoDaddy has also appointed Phontip Palitwanon as its new Chief Accounting Officer following a restructuring within the accounting department. These latest developments underscore GoDaddy's commitment to maintaining a strong financial foundation and its potential for continued growth.
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