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Why should you keep an eye on Godaddy Inc (GDDY)?

Godaddy Inc (NYSE: GDDY) is 32.99% higher on its value in year-to-date trading and has touched a low of $69.18 and a high of $142.95 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 $138.41 in the last trading session, with the day’s gains setting it 2.77%.

Currently trading at $141.18, the stock is 1.66% and 6.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 2.00% at the moment leaves the stock 31.74% off its SMA200. GDDY registered 95.13% gain for a year compared to 6-month gain of 32.07%.

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The stock witnessed a 1.89% loss in the last 1 month and extending the period to 3 months gives it a 16.75%, and is 2.27% 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 1.97% over the week and 1.88% over the month.

Godaddy Inc (GDDY) has around 6159 employees, a market worth around $19.90B and $4.31B in sales. Current P/E ratio is 11.74 and Fwd P/E is 22.63. Profit margin for the company is 40.51%. Distance from 52-week low is 104.08% and -1.24% from its 52-week high. The company has generated returns on investments over the last 12 months (40.69%).

The EPS is expected to shrink by -29.25% this year.

Godaddy Inc (GDDY) Top Institutional Holders

The shares outstanding are 142.05M, and float is at 140.06M with Short Float at 2.08%.

Godaddy Inc (GDDY) Insider Activity

The most recent transaction is an insider sale by Sweet Leah,the company’sDirector. SEC filings show that Sweet Leah sold 1,000 shares of the company’s common stock on Jun 10 ’24 at a price of $141.59 per share for a total of $0.14 million. Following the sale, the insider now owns 11317.0 shares.

Godaddy Inc disclosed in a document filed with the SEC on Jun 10 ’24 that Daddario Nick (Chief Accounting Officer) sold a total of 600 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $140.92 per share for $84552.0. Following the transaction, the insider now directly holds 18388.0 shares of the GDDY stock.

Still, SEC filings show that on Jun 07 ’24, Bhutani Amanpal Singh (Chief Executive Officer) disposed off 7,600 shares at an average price of $138.92 for $1.06 million. The insider now directly holds 369,898 shares of Godaddy Inc (GDDY).

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