DigitalOcean Holdings Inc (NYSE: DOCN) is 19.81% higher on its value in year-to-date trading and has touched a low of $19.39 and a high of $43.88 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 $43.54 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $43.96, the stock is 6.15% and 15.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 0.96% at the moment leaves the stock 20.82% off its SMA200. DOCN registered 77.98% gain for a year compared to 6-month gain of 25.21%. The firm has a 50-day simple moving average (SMA 50) of $37.9098 and a 200-day simple moving average (SMA200) of $36.3857.
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The stock witnessed a 9.43% loss in the last 1 month and extending the period to 3 months gives it a 30.76%, and is 2.47% 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 3.26% over the week and 3.93% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1156 employees, a market worth around $4.05B and $735.14M in sales. Current P/E ratio is 61.51 and Fwd P/E is 23.94. Profit margin for the company is 9.30%. Distance from 52-week low is 126.71% and 0.18% from its 52-week high. The company has generated returns on investments over the last 12 months (5.22%).
with sales reaching $196.71M over the same period.The EPS is expected to grow by 5.01% this year, but quarterly earnings will post 11.70% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.
DigitalOcean Holdings Inc (DOCN) Top Institutional Holders
384.0 institutions hold shares in DigitalOcean Holdings Inc (DOCN), with institutional investors hold 88.65% of the company’s shares. The shares outstanding are 90.24M, and float is at 59.36M with Short Float at 10.58%. Institutions hold 59.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.41 million shares valued at $326.93 million. The investor’s holdings represent 10.362% of the DOCN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.92 million shares valued at $275.17 million to account for 8.7214 of the shares outstanding. The other top investors are STATE STREET CORP which holds 2.2 million shares representing 2.4269% and valued at over $76.57 million, while LAZARD ASSET MANAGEMENT LLC holds 2.268 of the shares totaling 2.06 million with a market value of $71.55 million.
DigitalOcean Holdings Inc (DOCN) Insider Activity
The most recent transaction is an insider sale by Steinfort Matt, the company’s Chief Financial Officer. SEC filings show that Steinfort Matt sold 12,498 shares of the company’s common stock on Sep 11 ’24 at a price of $40.00 per share for a total of $0.5 million. Following the sale, the insider now owns 0.55 million shares.
Still, SEC filings show that on Jun 07 ’24, Butte Amy (Director) disposed off 5,220 shares at an average price of $37.46 for $0.2 million. The insider now directly holds 36,417 shares of DigitalOcean Holdings Inc (DOCN).
