William Blair Estimates DigitalOcean Q1 Earnings

DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) - Equities research analysts at William Blair issued their Q1 2025 earnings per share estimates for DigitalOcean in a note issued to investors on Tuesday, February 25th. William Blair analyst J. Ader forecasts that the company will earn $0.19 per share for the quarter. The consensus estimate for DigitalOcean's current full-year earnings is $1.01 per share. William Blair also issued estimates for DigitalOcean's Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS and FY2026 earnings at $1.13 EPS.

DOCN has been the subject of a number of other research reports. Canaccord Genuity Group increased their price target on shares of DigitalOcean from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. JMP Securities raised their target price on shares of DigitalOcean from $47.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Monday, January 27th. UBS Group upped their price target on shares of DigitalOcean from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price objective on shares of DigitalOcean from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald upped their target price on DigitalOcean from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.27.

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DigitalOcean Stock Down 0.0 %

Shares of NYSE:DOCN traded down $0.00 during midday trading on Friday, hitting $40.35. The stock had a trading volume of 1,652,741 shares, compared to its average volume of 1,361,730. The company has a market cap of $3.71 billion, a P/E ratio of 47.47, a PEG ratio of 3.12 and a beta of 1.81. DigitalOcean has a 12 month low of $26.63 and a 12 month high of $47.02. The business's 50-day simple moving average is $39.26 and its 200-day simple moving average is $39.29.

Institutional Trading of DigitalOcean

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOCN. Vanguard Group Inc. increased its holdings in shares of DigitalOcean by 1.4% during the fourth 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 in the last quarter. 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 valued at $55,500,000 after purchasing an additional 231,407 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in DigitalOcean by 7.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,545,642 shares of the company's stock worth $52,660,000 after buying an additional 105,235 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of DigitalOcean by 6.2% in the fourth quarter. First Trust Advisors LP now owns 1,533,699 shares of the company's stock valued at $52,253,000 after buying an additional 89,349 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of DigitalOcean by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,473,421 shares of the company's stock valued at $50,211,000 after buying an additional 9,088 shares during the last quarter. 49.77% of the stock is owned by institutional investors.

Insider Transactions at DigitalOcean

In other DigitalOcean news, insider Bratin Saha sold 4,289 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $36.80, for a total transaction of $157,835.20. Following the completion of the sale, the insider now owns 372,762 shares of the company's stock, valued at approximately $13,717,641.60. This represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matt Steinfort sold 12,498 shares of DigitalOcean stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $40.00, for a total value of $499,920.00. Following the completion of the sale, the chief financial officer now owns 517,498 shares of the company's stock, valued at approximately $20,699,920. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,255 shares of company stock valued at $790,163. Corporate insiders own 0.74% of the company's stock.

DigitalOcean Company Profile

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).