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NYSE:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

DigitalOcean logo
$39.02 +1.49 (+3.97%)
(As of 11/21/2024 ET)

About DigitalOcean Stock (NYSE:DOCN)

Key Stats

Today's Range
$37.60
$39.47
50-Day Range
$35.33
$44.00
52-Week Range
$26.63
$44.80
Volume
516,232 shs
Average Volume
1.25 million shs
Market Capitalization
$3.60 billion
P/E Ratio
45.90
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.

DigitalOcean Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
24th Percentile Overall Score

DOCN MarketRank™: 

DigitalOcean scored higher than 24% of companies evaluated by MarketBeat, and ranked 479th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • 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.
  • Earnings Growth

    Earnings for DigitalOcean are expected to decrease by -11.88% in the coming year, from $1.01 to $0.89 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of DigitalOcean is 45.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.83.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of DigitalOcean is 45.90, 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 263.83.

  • Price to Earnings Growth Ratio

    DigitalOcean has a PEG Ratio of 2.44. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about DigitalOcean's valuation and earnings.
  • Percentage of Shares Shorted

    9.23% of the float of DigitalOcean has been sold short.
  • Short Interest Ratio / Days to Cover

    DigitalOcean has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in DigitalOcean has recently decreased by 5.34%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    DigitalOcean does not currently pay a dividend.

  • Dividend Growth

    DigitalOcean does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    9.23% of the float of DigitalOcean has been sold short.
  • Short Interest Ratio / Days to Cover

    DigitalOcean has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in DigitalOcean has recently decreased by 5.34%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    DigitalOcean has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for DigitalOcean this week, compared to 5 articles on an average week.
  • Search Interest

    Only 8 people have searched for DOCN on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added DigitalOcean to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, DigitalOcean insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $626,045.00 in company stock.

  • Percentage Held by Insiders

    Only 0.74% of the stock of DigitalOcean is held by insiders.

  • 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

DigitalOcean Announces Availability of Bare Metal GPUs
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Short Interest in DigitalOcean Holdings, Inc. (NYSE:DOCN) Drops By 5.3%
See More Headlines

DOCN Stock Analysis - Frequently Asked Questions

DigitalOcean's stock was trading at $36.69 at the start of the year. Since then, DOCN stock has increased by 6.3% and is now trading at $39.0185.
View the best growth stocks for 2024 here
.

DigitalOcean Holdings, Inc. (NYSE:DOCN) announced its quarterly earnings data on Monday, November, 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.12. DigitalOcean's quarterly revenue was up 12.1% on a year-over-year basis.

DigitalOcean (DOCN) raised $751 million in an initial public offering 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.

DigitalOcean's top institutional shareholders include Geode Capital Management LLC (1.59%), Jacobs Levy Equity Management Inc. (1.51%), Principal Financial Group Inc. (1.41%) and Charles Schwab Investment Management Inc. (0.61%). Insiders that own company stock include Yancey L Spruill, Bratin Saha, 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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that DigitalOcean investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

Last Earnings
11/04/2024
Today
11/21/2024
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
Previous Symbol
NASDAQ:DOCN
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
+5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$19.41 million
Pretax Margin
10.87%

Debt

Sales & Book Value

Annual Sales
$692.88 million
Cash Flow
$2.26 per share
Book Value
($2.29) per share

Miscellaneous

Free Float
91,599,000
Market Cap
$3.61 billion
Optionable
Optionable
Beta
1.83
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This page (NYSE:DOCN) was last updated on 11/21/2024 by MarketBeat.com Staff
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