In the last trading session, 1.44 million shares of the DigitalOcean Holdings Inc (NYSE:DOCN) were traded, and its beta was 1.91. Most recently the company’s share price was $27.59, and it changed around -$0.05 or -0.18% from the last close, which brings the market valuation of the company to $2.54B. DOCN currently trades at a discount to its 52-week high of $47.02, offering almost -70.42% off that amount. The share price’s 52-week low was $25.45, which indicates that the current value has risen by an impressive 7.76% since then. We note from DigitalOcean Holdings Inc’s average daily trading volume that its 10-day average is 2.04 million shares, with the 3-month average coming to 1.44 million.
DigitalOcean Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.12. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 6 recommended DOCN as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. DigitalOcean Holdings Inc is expected to report earnings per share of 0.44 for the current quarter.
DigitalOcean Holdings Inc (NYSE:DOCN) trade information
Instantly DOCN has showed a red trend with a performance of -0.18% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 31.73 on recent trading dayincreased the stock’s daily price by 13.05%. The company’s shares are currently down -19.02% year-to-date, but still down -1.95% over the last five days. On the other hand, DigitalOcean Holdings Inc (NYSE:DOCN) is -23.70% down in the 30-day period. We can see from the shorts that 7.1 million shares have been sold at a short interest cover period of 6.37 day(s).
The consensus price target as assigned by Wall Street analysts is $41, which translates to bulls needing to increase their stock price by 32.71% from its current value. Analyst projections state that DOCN is forecast to be at a low of $33 and a high of $80.
DigitalOcean Holdings Inc (DOCN) estimates and forecasts
The year-over-year growth rate is expected to be 13.21%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 208.63M in revenue for the current quarter. 13 analysts expect DigitalOcean Holdings Inc to make 217.13M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 184.73M and 192.48M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.94%. Forecasts for the next quarter put sales growth at 12.81%.
DigitalOcean Holdings Inc earnings are expected to increase by -0.44% in 2025, but the outlook is positive 10.53% per year for the next five years.
DOCN Dividends
DigitalOcean Holdings Inc’s next quarterly earnings report is expected to be released on 2025-Feb-24.
DigitalOcean Holdings Inc (NYSE:DOCN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 32.10% of DigitalOcean Holdings Inc shares, and 62.98% of them are in the hands of institutional investors. The stock currently has a share float of 92.75%. DigitalOcean Holdings Inc stock is held by 390.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 10.3025% of the shares, which is about 9.41 million shares worth $326.93 million.
VANGUARD GROUP INC, with 8.7214% or 7.92 million shares worth $275.17 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
