Godaddy Inc (NYSE: GDDY) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Free Microbusiness Summit on February 24.

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Stocks Info

Godaddy Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $109.50 and fluctuated between $110.51 as its day high and $108.49 as its day low. The current market capitalization of Godaddy Inc is $15.42B. A total of 1.48 million shares were traded on the day, compared to an average of 1.52M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GDDY has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 18,649 and the disposition of 25,506 shares. Over the last 12 months, there were 26 BUYs and 48 SELLs from insiders. Insiders purchased 250,326 shares during that period but sold 159,142.

In the most recent transaction, Chen Roger sold 4,000 shares of GDDY for 107.20 per share on Feb 01. After the transaction, the Chief Operating Officer now owns 149,716 company shares. In a previous transaction on Jan 03, McCaffrey Mark sold 505 shares at 102.47 per share. GDDY shares that Chief Financial Officer owns now total 77,158.

Among the insiders who sold shares, Chen Roger disposed of 4,000 shares on Jan 02 at a per-share price of $105.22. This resulted in the Chief Operating Officer holding 153,716 shares of GDDY after the transaction. In another insider transaction, Bhutani Amanpal Singh sold 3,472 shares at $104.21 per share on Dec 08. Company shares held by the Chief Executive Officer now total 257,826.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GDDY in the last 3 months, the mean price target is $114.90 with high estimates of $130.00 and low estimates of $88.00. In terms of 52-week highs and lows, GDDY has a high of $110.08 and a low of $67.43.

As of this writing, GDDY has an earnings estimate of $1.04 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.18 per share and a lower estimate of $0.94. The company reported an EPS of $0.54 in the last quarter, which was -5.30% lower than expectations of $0.57.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GDDY’s latest balance sheet shows that the firm has $1.26B in Cash & Short Term Investments as of fiscal 2021. There were $4.06B in debt and $2.44B in liabilities at the time. Its Book Value Per Share was -$6.88, while its Total Shareholder’s Equity was $83.20M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GDDY is Buy with a score of 4.40.

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