DigitalOcean Holdings Inc (NYSE: DOCN) is 2.34% higher on its value in year-to-date trading and has touched a low of $19.39 and a high of $41.58 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 DOCN stock was last observed hovering at around $36.62 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $37.55, the stock is 17.89% and 11.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 2.54% at the moment leaves the stock 9.27% off its SMA200. DOCN registered 12.16% gain for a year compared to 6-month loss of -8.15%.
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The stock witnessed a 12.49% gain in the last 1 month and extending the period to 3 months gives it a 0.62%, and is 15.29% 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 5.24% over the week and 5.53% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1156 employees, a market worth around $3.46B and $735.14M in sales. Current P/E ratio is 52.54 and Fwd P/E is 20.45. Profit margin for the company is 9.30%. Distance from 52-week low is 93.66% and -9.69% from its 52-week high. The company has generated returns on investments over the last 12 months (5.22%).
The EPS is expected to grow by 5.01% this year.
DigitalOcean Holdings Inc (DOCN) Top Institutional Holders
381.0 institutions hold shares in DigitalOcean Holdings Inc (DOCN), with institutional investors hold 91.06% of the company’s shares. The shares outstanding are 90.24M, and float is at 58.91M with Short Float at 11.98%. Institutions hold 61.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.73 million shares valued at $$256.9 million. The investor’s holdings represent 7.4645 of the DOCN Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 4.87 million shares valued at $$185.97 million to account for 5.4037 of the shares outstanding. The other top investors are IA VENTURE STRATEGIES FUND II, LP which holds 2.96 million shares representing 3.2857 and valued at over $$113.08 million, while FIRST TRUST ADVISORS LP holds 2.4852 of the shares totaling 2.24 million with a market value of $$85.53 million.
DigitalOcean Holdings Inc (DOCN) Insider Activity
The most recent transaction is an insider sale by Butte Amy,the company’sDirector. SEC filings show that Butte Amy sold 5,220 shares of the company’s common stock on Jun 07 ’24 at a price of $37.46 per share for a total of $0.2 million. Following the sale, the insider now owns 36417.0 shares.
DigitalOcean Holdings Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Butte Amy (Director) sold a total of 3,760 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $36.80 per share for $0.14 million. Following the transaction, the insider now directly holds 36220.0 shares of the DOCN stock.
Still, SEC filings show that on Nov 20 ’23, Spruill Yancey L. (Chief Executive Officer) disposed off 451,885 shares at an average price of $28.76 for $13.0 million. The insider now directly holds 4,566,771 shares of DigitalOcean Holdings Inc (DOCN).
