During the last session, DigitalOcean Holdings Inc (NYSE:DOCN)’s traded shares were 0.78 million, with the beta value of the company hitting 1.90. At the end of the trading day, the stock’s price was $27.38, reflecting an intraday loss of -1.72% or -$0.48. The 52-week high for the DOCN share is $47.02, that puts it down -71.73 from that peak though still a striking 7.05% gain since the share price plummeted to a 52-week low of $25.45. The company’s market capitalization is $2.51B, and the average intraday trading volume over the past 10 days was 1.96 million shares, and the average trade volume was 1.46 million shares over the past three months.
DigitalOcean Holdings Inc (DOCN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.12. DOCN has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.44.
DigitalOcean Holdings Inc (NYSE:DOCN) trade information
DigitalOcean Holdings Inc (DOCN) registered a -1.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.72% in intraday trading to $27.38, hitting a weekly high. The stock’s 5-day price performance is -2.98%, and it has moved by -24.78% in 30 days. Based on these gigs, the overall price performance for the year is -18.05%. The short interest in DigitalOcean Holdings Inc (NYSE:DOCN) is 7.1 million shares and it means that shorts have 6.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $41, which implies an increase of 33.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $33 and $80 respectively. As a result, DOCN is trading at a discount of -192.18% off the target high and -20.53% off the low.
DigitalOcean Holdings Inc (DOCN) estimates and forecasts
In the rating firms’ projections, revenue will increase 13.11% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 208.63M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 217.13M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 184.73M and 192.48M respectively. In this case, analysts expect current quarter sales to grow by 12.94% and then jump by 12.81% in the coming quarter.
DOCN Dividends
DigitalOcean Holdings Inc is due to release its next quarterly earnings on 2025-Feb-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
DigitalOcean Holdings Inc (NYSE:DOCN)’s Major holders
DigitalOcean Holdings Inc insiders own 32.10% of total outstanding shares while institutional holders control 62.99%, with the float percentage being 92.77%. BLACKROCK INC. is the largest shareholder of the company, while 392.0 institutions own stock in it. As of 2024-06-30, the company held over 9.41 million shares (or 10.3025% of all shares), a total value of $326.93 million in shares.
The next largest institutional holding, with 7.92 million shares, is of VANGUARD GROUP INC’s that is approximately 8.7214% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $275.17 million.
Also, the Mutual Funds coming in first place with the largest holdings of DigitalOcean Holdings Inc (DOCN) shares are iShares Trust-iShares Core S&P Small-Cap ETF and iShares Trust-iShares Russell 2000 ETF . Data provided on Mar 31, 2025 indicates that iShares Trust-iShares Core S&P Small-Cap ETF owns about 3.94 shares. This amounts to just over 4.29 percent of the company’s overall shares, with a $107.8 million market value. The same data shows that the other fund manager holds slightly less at 1.76, or about 1.91% of the stock, which is worth about $48.12 million.
