DigitalOcean Holdings Inc (NYSE: DOCN) is 5.94% higher on its value in year-to-date trading and has touched a low of $26.63 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 $37.53 in the last trading session, with the day’s gains setting it 1.34%.
Currently trading at $38.87, the stock is 0.48% and -4.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 3.57% at the moment leaves the stock 4.84% off its SMA200. DOCN registered 36.82% gain for a year compared to 6-month gain of 6.90%. The firm has a 50-day simple moving average (SMA 50) of $40.5798 and a 200-day simple moving average (SMA200) of $37.05745.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.38% loss in the last 1 month and extending the period to 3 months gives it a 2.29%, and is 1.36% 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 4.78% over the week and 4.20% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1156 employees, a market worth around $3.59B and $756.56M in sales. Current P/E ratio is 45.78 and Fwd P/E is 21.06. Profit margin for the company is 10.86%. Distance from 52-week low is 45.96% and -13.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.11%).
The EPS is expected to grow by 9.89% this year
392.0 institutions hold shares in DigitalOcean Holdings Inc (DOCN), with institutional investors hold 88.73% of the company’s shares. The shares outstanding are 90.24M, and float is at 61.58M with Short Float at 8.92%. Institutions hold 60.10% 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 Saha Bratin, the company’s Chief Product & Tech Officer. SEC filings show that Saha Bratin sold 16,989 shares of the company’s common stock on Nov 18 ’24 at a price of $36.85 per share for a total of $0.63 million. Following the sale, the insider now owns 0.39 million shares.
DigitalOcean Holdings Inc disclosed in a document filed with the SEC on Nov 19 ’24 that Saha Bratin (Chief Product & Tech Officer) sold a total of 3,468 shares of the company’s common stock. The trade occurred on Nov 19 ’24 and was made at $35.98 per share for $0.12 million. Following the transaction, the insider now directly holds 0.39 million shares of the DOCN stock.
Still, SEC filings show that on Nov 19 ’24, Saha Bratin (Officer) Proposed Sale 3,468 shares at an average price of $35.98 for $0.12 million. The insider now directly holds shares of DigitalOcean Holdings Inc (DOCN).
