DigitalOcean Holdings Inc (NYSE: DOCN) is -15.91% lower on its value in year-to-date trading and has touched a low of $26.63 and a high of $47.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOCN stock was last observed hovering at around $31.23 in the last trading session, with the day’s loss setting it -2.58%.
Currently trading at $28.65, the stock is -19.05% and -27.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing -8.26% at the moment leaves the stock -23.96% off its SMA200. DOCN registered -22.02% loss for a year compared to 6-month gain of -28.07%. The firm has a 50-day simple moving average (SMA 50) of $39.5566 and a 200-day simple moving average (SMA200) of $37.67665.
The stock witnessed a -28.59% loss in the last 1 month and extending the period to 3 months gives it a -16.37%, and is -16.15% 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 8.29% over the week and 5.18% over the month.
DigitalOcean Holdings Inc (DOCN) has around 1210 employees, a market worth around $2.64B and $780.62M in sales. Current P/E ratio is 32.95 and Fwd P/E is 13.06. Profit margin for the company is 10.82%. Distance from 52-week low is 7.59% and -39.07% from its 52-week high. The company has generated returns on investments over the last 12 months (5.98%).
with sales reaching $208.63M over the same period.The EPS is expected to shrink by -0.44% this year, but quarterly earnings will post 13.21% year-over-year. Quarterly sales are estimated to grow 12.94% in year-over-year returns.
DigitalOcean Holdings Inc (DOCN) Top Institutional Holders
390.0 institutions hold shares in DigitalOcean Holdings Inc (DOCN), with institutional investors hold 92.68% of the company’s shares. The shares outstanding are 92.23M, and float is at 62.09M with Short Float at 10.37%. Institutions hold 62.93% 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 10.3025% 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 2.413% and valued at over $76.57 million, while LAZARD ASSET MANAGEMENT LLC holds 2.2549 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 3,948 shares of the company’s common stock on Mar 18 ’25 at a price of $36.63 per share for a total of $0.14 million. Following the sale, the insider now owns 0.36 million shares.
Still, SEC filings show that on Mar 04 ’25, Steinfort Matt (Chief Financial Officer) disposed off 12,497 shares at an average price of $40.00 for $0.5 million. The insider now directly holds 557,938 shares of DigitalOcean Holdings Inc (DOCN).
