DigitalOcean (NYSE:DOCN) Updates Q1 2025 Earnings Guidance

DigitalOcean (NYSE:DOCN - Get Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.410-0.460 for the period, compared to the consensus earnings per share estimate of 0.440. The company issued revenue guidance of $207.0 million-$209.0 million, compared to the consensus revenue estimate of $208.6 million. DigitalOcean also updated its FY 2025 guidance to 1.850-1.950 EPS.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on DigitalOcean from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group decreased their price target on shares of DigitalOcean from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, April 7th. Stifel Nicolaus dropped their price objective on DigitalOcean from $40.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Bank of America increased their target price on DigitalOcean from $28.00 to $31.00 and gave the company an "underperform" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price target on DigitalOcean from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $42.18.

DigitalOcean Price Performance

DOCN traded down $0.50 during mid-day trading on Friday, hitting $27.36. The stock had a trading volume of 782,545 shares, compared to its average volume of 1,298,331. The stock's fifty day simple moving average is $36.12 and its 200-day simple moving average is $37.95. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 3.12 and a beta of 1.87. DigitalOcean has a 1-year low of $25.45 and a 1-year high of $47.02.

Insider Buying and Selling

In other DigitalOcean news, insider Bratin Saha sold 3,948 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $36.63, for a total transaction of $144,615.24. Following the sale, the insider now directly 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 SEC, which is accessible through this link. 0.74% of the stock is currently owned by company insiders.

About DigitalOcean

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).