DigitalOcean Holdings Inc (NYSE: DOCN) is 11.97% higher on its value in year-to-date trading and has touched a low of $19.39 and a high of $44.80 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 $41.92 in the last trading session, with the day’s loss setting it -0.84%.
Currently trading at $41.08, the stock is -2.40% and 2.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -2.00% at the moment leaves the stock 12.08% off its SMA200. DOCN registered 91.25% gain for a year compared to 6-month gain of 24.41%. The firm has a 50-day simple moving average (SMA 50) of $39.9352 and a 200-day simple moving average (SMA200) of $36.6512.
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The stock witnessed a -0.07% loss in the last 1 month and extending the period to 3 months gives it a 27.26%, and is -5.67% down 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 2.82% over the week and 3.42% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1156 employees, a market worth around $3.78B and $735.14M in sales. Current P/E ratio is 57.48 and Fwd P/E is 22.31. Profit margin for the company is 9.30%. Distance from 52-week low is 111.86% and -8.30% 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 5.20% this year
381.0 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 59.92% 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).
