Godaddy Inc (NYSE: GDDY) is 15.00% higher on its value in year-to-date trading and has touched a low of $67.43 and a high of $122.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GDDY stock was last observed hovering at around $120.94 in the last trading session, with the day’s gains setting it 1.14%.
Currently trading at $122.08, the stock is 5.07% and 8.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.94% at the moment leaves the stock 36.18% off its SMA200. GDDY registered 63.19% gain for a year compared to 6-month gain of 70.38%. The firm has a 50-day simple moving average (SMA 50) of $4.90 and a 200-day simple moving average (SMA200) of $27.62.
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The stock witnessed a 7.68% loss in the last 1 month and extending the period to 3 months gives it a 14.61%, and is 2.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 2.16% over the month.
Godaddy Inc (GDDY) has around 6159 employees, a market worth around $17.39B and $4.24B in sales. Current P/E ratio is 12.75 and Fwd P/E is 19.70. Profit margin for the company is 32.87%. Distance from 52-week low is 81.03% and -0.47% from its 52-week high. The company has generated returns on investments over the last 12 months (35.26%).
Godaddy Inc quarterly earnings per share for the current quarter are estimated at $0.95 with sales reaching $1.1B over the same period.The EPS is expected to shrink by -48.83% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 5.40% in year-over-year returns.
789 institutions hold shares in Godaddy Inc (GDDY), with institutional investors hold 92.44% of the company’s shares. The shares outstanding are 142.05M, and float is at 141.41M with Short Float at 1.81%. Institutions hold 92.01% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 15.12 million shares valued at $1.14 billion. The investor’s holdings represent 10.27% of the GDDY Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 13.41 million shares valued at $1.01 billion to account for 9.11% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 10.94 million shares representing 7.44% and valued at over $822.11 million, while Blackrock Inc. holds 7.15% of the shares totaling 10.52 million with a market value of $790.56 million.
Godaddy Inc (GDDY) Insider Activity
The most recent transaction is an insider sale by Bhutani Amanpal Singh, the company’s Chief Executive Officer. SEC filings show that Bhutani Amanpal Singh sold 2,500 shares of the company’s common stock on Mar 21 ’24 at a price of $120.00 per share for a total of $0.3 million. Following the sale, the insider now owns 0.38 million shares.
Godaddy Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Bhutani Amanpal Singh (Chief Executive Officer) sold a total of 7,600 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $113.80 per share for $0.86 million. Following the transaction, the insider now directly holds 0.39 million shares of the GDDY stock.
Still, SEC filings show that on Mar 07 ’24, McCaffrey Mark (Chief Financial Officer) disposed off 4,000 shares at an average price of $110.92 for $0.44 million. The insider now directly holds 116,952 shares of Godaddy Inc (GDDY).
