Godaddy Inc’s filing revealed that its Chief Financial Officer McCaffrey Mark unloaded Company’s shares for reported $75401.0 on Apr 02 ’24. In the deal valued at $120.83 per share,624 shares were sold. As a result of this transaction, McCaffrey Mark now holds 116,328 shares worth roughly $14.65 million.
Then, Chen Roger sold 4,000 shares, generating $474,240 in total proceeds. Upon selling the shares at $118.56, the Chief Operating Officer now owns 204,632 shares.
Before that, Bhutani Amanpal Singh sold 2,500 shares. Godaddy Inc shares valued at $300,000 were divested by the Chief Executive Officer at a price of $120.00 per share. As a result of the transaction, Bhutani Amanpal Singh now holds 384,323 shares, worth roughly $48.4 million.
A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “an In-line”. Piper Sandler also remained covering GDDY and has increased its forecast on January 09, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. RBC Capital Mkts revised its rating on November 22, 2023. It rated GDDY as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of GDDY
On Friday, Godaddy Inc [NYSE:GDDY] saw its stock jump 1.62% to $125.94. Over the last five days, the stock has gained 6.12%. Godaddy Inc shares have risen nearly 18.63% since the year began. Nevertheless, the stocks have risen 63.07% over the past one year. While a 52-week high of $125.55 was reached on 04/05/24, a 52-week low of $67.43 was recorded on 01/05/24. SMA at 50 days reached $114.51, while 200 days put it at $91.34. A total of 1.37 million shares were traded, compared to the trading of 1.28 million shares in the previous session.
Levels Of Support And Resistance For GDDY Stock
The 24-hour chart illustrates a support level at 124.39, which if violated will result in even more drops to 122.84. On the upside, there is a resistance level at 126.81. A further resistance level may holdings at 127.68. The Relative Strength Index (RSI) on the 14-day chart is 72.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.16%. Stochastics %K at 94.03% indicates the stock is a selling.
How much short interest is there in Godaddy Inc?
A steep rise in short interest was recorded in Godaddy Inc stocks on Mar 15, 2024, growing by 0.22 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.34 million shares. There was a rise of 8.59%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.33% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.56.
The most recent change occurred on October 24, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
