Godaddy Inc’s filing revealed that its Chief Operating Officer Chen Roger unloaded Company’s shares for reported $0.49 million on May 01 ’24. In the deal valued at $122.60 per share,4,000 shares were sold. As a result of this transaction, Chen Roger now holds 200,632 shares worth roughly $24.81 million.
Then, McCaffrey Mark sold 624 shares, generating $75,401 in total proceeds. Upon selling the shares at $120.83, the Chief Financial Officer now owns 116,328 shares.
Before that, Chen Roger sold 4,000 shares. Godaddy Inc shares valued at $474,240 were divested by the Chief Operating Officer at a price of $118.56 per share. As a result of the transaction, Chen Roger now holds 204,632 shares, worth roughly $25.3 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 fall -0.55% to $123.64. Over the last five days, the stock has lost -1.10%. Godaddy Inc shares have risen nearly 16.47% since the year began. Nevertheless, the stocks have risen 73.17% over the past one year. While a 52-week high of $127.15 was reached on 05/03/24, a 52-week low of $67.43 was recorded on 01/05/24. SMA at 50 days reached $119.91, while 200 days put it at $96.19. A total of 2.26 million shares were traded, compared to the trading of 2.03 million shares in the previous session.
Levels Of Support And Resistance For GDDY Stock
The 24-hour chart illustrates a support level at 121.12, which if violated will result in even more drops to 118.61. On the upside, there is a resistance level at 127.07. A further resistance level may holdings at 130.51. The Relative Strength Index (RSI) on the 14-day chart is 54.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.85%. Stochastics %K at 49.92% indicates the stock is a holding.
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.
