In the last trading session, 1.09 million DigitalOcean Holdings Inc (NYSE:DOCN) shares changed hands as the company’s beta touched 1.88. With the company’s per share price at $30.85 changed hands at $0.1 or 0.33% during last session, the market valuation stood at $2.83B. DOCN’s last price was a discount, traded about -52.41% off its 52-week high of $47.02. The share price had its 52-week low at $25.45, which suggests the last value was 17.5% up since then. When we look at DigitalOcean Holdings Inc’s average trading volume, we note the 10-day average is 1.07 million shares, with the 3-month average coming to 1.44 million.
Analysts gave the DigitalOcean Holdings Inc (DOCN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.12. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended DOCN as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. DigitalOcean Holdings Inc’s EPS for the current quarter is expected to be 0.44.
DigitalOcean Holdings Inc (NYSE:DOCN) trade information
Instantly DOCN was in green as seen at the end of in last trading. With action 19.07%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -9.45%, with the 5-day performance at 19.07% in the green. However, in the 30-day time frame, DigitalOcean Holdings Inc (NYSE:DOCN) is -13.17% down. Looking at the short shares, we see there were 6.58 million shares sold at short interest cover period of 4.45 days.
The consensus price target for the stock as assigned by Wall Street analysts is 41, meaning bulls need an upside of 24.76% from its current market value. According to analyst projections, DOCN’s forecast low is 33 with 80 as the target high. To hit the forecast high, the stock’s price needs a -159.32% plunge from its current level, while the stock would need to soar -6.97% for it to hit the projected low.
DigitalOcean Holdings Inc (DOCN) estimates and forecasts
Year-over-year growth is forecast to reach 13.11% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 208.63M. 13 analysts are of the opinion that DigitalOcean Holdings Inc’s revenue for the current quarter will be 217.13M. The company’s revenue for the corresponding quarters a year ago was 184.73M and 192.48M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.94%. The estimates for the next quarter sales put growth at 12.81%.
The 2025 estimates are for DigitalOcean Holdings Inc earnings to decrease by -0.54%, but the outlook for the next 5-year period is at 10.55% per year.
DOCN Dividends
DigitalOcean Holdings Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
DigitalOcean Holdings Inc (NYSE:DOCN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.10% of DigitalOcean Holdings Inc shares while 62.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.75%. There are 62.98% institutions holding the DigitalOcean Holdings Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 10.3025% of the shares, roughly 9.41 million DOCN shares worth $326.93 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.6714% or 7.92 million shares worth $275.17 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and iShares Trust-iShares Russell 2000 ETF . With 3.94 shares estimated at $121.46 million under it, the former controlled 4.29% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.91% of the shares, roughly 1.76 shares worth around $54.22 million.
