DigitalOcean Holdings, Inc. (NYSE:DOCN - Get Free Report) insider Bratin Saha sold 3,948 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $36.63, for a total transaction of $144,615.24. Following the transaction, the insider now owns 358,696 shares in the company, valued at approximately $13,139,034.48. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bratin Saha also recently made the following trade(s):
- On Tuesday, January 21st, Bratin Saha sold 4,289 shares of DigitalOcean stock. The stock was sold at an average price of $36.80, for a total transaction of $157,835.20.
DigitalOcean Trading Up 0.6 %
Shares of NYSE:DOCN traded up $0.21 during mid-day trading on Friday, reaching $36.76. The stock had a trading volume of 1,554,306 shares, compared to its average volume of 1,209,530. The firm has a market cap of $3.38 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 3.12 and a beta of 1.80. The firm has a 50 day simple moving average of $40.00 and a two-hundred day simple moving average of $39.31. DigitalOcean Holdings, Inc. has a twelve month low of $26.63 and a twelve month high of $47.02.
Institutional Trading of DigitalOcean
A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of DigitalOcean by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 8,434,555 shares of the company's stock valued at $287,365,000 after acquiring an additional 117,133 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in DigitalOcean by 16.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,628,995 shares of the company's stock worth $55,500,000 after purchasing an additional 231,407 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in DigitalOcean by 7.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,545,642 shares of the company's stock worth $52,660,000 after purchasing an additional 105,235 shares in the last quarter. First Trust Advisors LP increased its stake in DigitalOcean by 6.2% during the 4th quarter. First Trust Advisors LP now owns 1,533,699 shares of the company's stock worth $52,253,000 after purchasing an additional 89,349 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in DigitalOcean by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,473,421 shares of the company's stock worth $50,211,000 after purchasing an additional 9,088 shares in the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of DigitalOcean from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Citigroup assumed coverage on shares of DigitalOcean in a research report on Friday, January 24th. They set a "buy" rating and a $45.00 price target on the stock. Cantor Fitzgerald upped their target price on shares of DigitalOcean from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group restated a "buy" rating on shares of DigitalOcean in a research report on Saturday, March 1st. Finally, Stifel Nicolaus upped their target price on shares of DigitalOcean from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $43.27.
Read Our Latest Stock Analysis on DOCN
DigitalOcean Company Profile
(
Get Free Report)
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).
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