GoDaddy Inc (GDDY)
GoDaddy Inc. is a web hosting and domain registration company that provides entrepreneurs and small businesses with cloud-based services, including website creation, domain name registration, security, and online marketing tools. Founded in 1997, it has grown to become one of the largest providers of domain names and web services globally, offering an integrated platform to help businesses establish and manage their online presence.
Company News
Douglas Lane & Associates sold 22,113 shares of GoDaddy, reducing its stake to less than 1.3% of its reportable assets, with an estimated transaction value of $3.4 million in the third quarter.
US companies are on track to hit a record $1.1 trillion in stock buybacks by the end of 2025, with the top 20 S&P 500 companies dominating 51.3% of total buyback activity, despite a decline in the number of companies announcing repurchases.
GoDaddy reported Q4 revenue growth of 8% but missed EPS estimates. However, the company's 2025 outlook promises AI-powered growth and a surge in cash flow.
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