About DigitalOcean Stock (NYSE:DOCN)
Key Stats
- Today’s Range
- $37.87
▼
$38.77
- 50-Day Range
- $35.33
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$44.00
- 52-Week Range
- $24.07
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$44.80
- Volume
- 1.02 million shs
- Average Volume
- 1.26 million shs
- Market Capitalization
- $3.55 billion
- P/E Ratio
- 45.33
- Dividend Yield
- N/A
- Price Target
- $41.50
- Consensus Rating
- Hold
Company Overview
DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC). The company also provides platform-as-a-service (PaaS) solutions, such as managed databases; managed Kubernetes and container registry; application platform to build, deploy, and scale applications; Functions, a serverless compute solution; and Uptime for real-time uptime and latency alerts, as well as software-as-a-service (SaaS), including managed hosting and DigitalOcean Marketplace, a platform where developers can find pre-configured applications and solutions. In addition, it offers artificial intelligence (AI)/machine learning (ML) applications comprising GPU virtual machines for scaling AI applications; Notebooks, a simple cloud workspace that runs on GPUs that provides a managed interactive development environment for exploring data, and training and building machine learning models; and Deployments for deploying their machine learning model as an API endpoint. The company’s customers include software engineers, researchers, data scientists, system administrators, students, and hobbyists. Its customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and AI/ML applications. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.
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21st Percentile Overall Score
DOCN MarketRank™:
DigitalOcean scored higher than 21% of companies evaluated by MarketBeat, and ranked 569th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.
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Consensus Rating
DigitalOcean has received a consensus rating of Hold. The company’s average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.
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Amount of Analyst Coverage
DigitalOcean has only been the subject of 4 research reports in the past 90 days.
- Read more about DigitalOcean’s stock forecast and price target.
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Earnings Growth
Earnings for DigitalOcean are expected to decrease by -1.16% in the coming year, from $0.86 to $0.85 per share.
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Price to Earnings Ratio vs. the Market
The P/E ratio of DigitalOcean is 45.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.16.
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Price to Earnings Ratio vs. Sector
The P/E ratio of DigitalOcean is 45.33, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 255.83.
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Price to Earnings Growth Ratio
DigitalOcean has a PEG Ratio of 2.80. PEG Ratios above 1 indicate that a company could be overvalued.
- Read more about DigitalOcean’s valuation and earnings.
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Percentage of Shares Shorted
9.77% of the float of DigitalOcean has been sold short.
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Short Interest Ratio / Days to Cover
DigitalOcean has a short interest ratio (“days to cover”) of 4.4.
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Change versus previous month
Short interest in DigitalOcean has recently decreased by 7.64%, indicating that investor sentiment is improving significantly.
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Dividend Yield
DigitalOcean does not currently pay a dividend.
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Dividend Growth
DigitalOcean does not have a long track record of dividend growth.
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Percentage of Shares Shorted
9.77% of the float of DigitalOcean has been sold short.
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Short Interest Ratio / Days to Cover
DigitalOcean has a short interest ratio (“days to cover”) of 4.4.
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Change versus previous month
Short interest in DigitalOcean has recently decreased by 7.64%, indicating that investor sentiment is improving significantly.
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Insider Buying vs. Insider Selling
In the past three months, DigitalOcean insiders have not sold or bought any company stock.
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Percentage Held by Insiders
Only 0.74% of the stock of DigitalOcean is held by insiders.
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Percentage Held by Institutions
49.77% of the stock of DigitalOcean is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
- Read more about DigitalOcean’s insider trading history.
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DOCN Stock News Headlines
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DOCN Stock Analysis – Frequently Asked Questions
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DigitalOcean Holdings, Inc. (NYSE:DOCN) announced its quarterly earnings results on Monday, November, 4th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. The business’s revenue was up 12.1% on a year-over-year basis.
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DigitalOcean (DOCN) raised $751 million in an initial public offering (IPO) on Wednesday, March 24th 2021. The company issued 16,500,000 shares at $44.00-$47.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Barclays, Keybanc Capital Markets, Canaccord Genuity, JMP Securities and Stifel served as the underwriters for the IPO.
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Top institutional shareholders of DigitalOcean include Principal Financial Group Inc. (1.41%), Wolverine Asset Management LLC, Allspring Global Investments Holdings LLC (0.08%) and Creative Planning (0.08%). Insiders that own company stock include Yancey L Spruill, Megan Wood, Alan Shapiro, Harold Matthew Norman, Jeffrey Scott Guy, Gabriel Monroy, Carly D Brantz, Amy Butte, Warren Jenson and William G Sorenson.
View institutional ownership trends. -
Shares of DOCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Company Calendar
- Last Earnings
- 11/04/2024
- Today
- 11/09/2024
- Fiscal Year End
- 12/31/2024
- Next Earnings (Estimated)
- 2/19/2025
Industry, Sector and Symbol
- Industry
- Computer programming, data processing, & other computer related
- Sub-Industry
- Computer Software
- Fax
- N/A
- Employees
- 1,156
- Year Founded
- N/A
Price Target and Rating
- Average Stock Price Target
- $41.50
- High Stock Price Target
- $48.00
- Low Stock Price Target
- $34.00
- Potential Upside/Downside
- +7.7%
- Rating Score (0-4)
- 2.44
- Research Coverage
- 9 Analysts
Profitability
- Pretax Margin
- 10.87%
Debt
Sales & Book Value
- Annual Sales
- $692.88 million
Miscellaneous
- Free Float
- 91,381,000
- Optionable
- Optionable
- Beta
- 1.83
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This page (NYSE:DOCN) was last updated on 11/9/2024 by
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