Godaddy Inc (NYSE: GDDY) is 52.22% higher on its value in year-to-date trading and has touched a low of $71.69 and a high of $167.65 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 $161.35 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $161.60, the stock is 0.16% and 1.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 0.15% at the moment leaves the stock 18.01% off its SMA200. GDDY registered 123.27% gain for a year compared to 6-month gain of 32.14%. The firm has a 50-day simple moving average (SMA 50) of $159.028 and a 200-day simple moving average (SMA200) of $136.93275.
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The stock witnessed a 5.51% loss in the last 1 month and extending the period to 3 months gives it a 14.28%, and is -0.18% down 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 1.39% over the week and 1.59% over the month.
Godaddy Inc (GDDY) has around 6159 employees, a market worth around $22.78B and $4.39B in sales. Current P/E ratio is 12.92 and Fwd P/E is 24.55. Profit margin for the company is 41.21%. Distance from 52-week low is 125.41% and -3.61% from its 52-week high. The company has generated returns on investments over the last 12 months (44.89%).
The EPS is expected to shrink by -29.82% this year
962.0 institutions hold shares in Godaddy Inc (GDDY), with institutional investors hold 102.89% of the company’s shares. The shares outstanding are 142.05M, and float is at 140.13M with Short Float at 2.14%. Institutions hold 102.24% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.45 million shares valued at $2.44 billion. The investor’s holdings represent 12.2405 of the GDDY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.41 million shares valued at $1.87 billion to account for 9.4107 of the shares outstanding. The other top investors are JANUS HENDERSON GROUP PLC which holds 7.67 million shares representing 5.3827 and valued at over $1.07 billion, while STATE STREET CORP holds 4.7324 of the shares totaling 6.75 million with a market value of $942.35 million.
Godaddy Inc (GDDY) Insider Activity
The most recent transaction is an insider sale by Chen Roger, the company’s Chief Operating Officer. SEC filings show that Chen Roger sold 1,000 shares of the company’s common stock on Oct 15 ’24 at a price of $164.16 per share for a total of $0.16 million. Following the sale, the insider now owns 0.19 million shares.
Still, SEC filings show that on Oct 01 ’24, McCaffrey Mark (Chief Financial Officer) disposed off 5,500 shares at an average price of $155.60 for $0.86 million. The insider now directly holds 93,102 shares of Godaddy Inc (GDDY).
