DigitalOcean Holdings, Inc. (NYSE:DOCN - Get Free Report) insider Bratin Saha sold 3,461 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $26.86, for a total transaction of $92,962.46. Following the transaction, the insider now directly owns 394,367 shares of the company's stock, valued at approximately $10,592,697.62. This represents a 0.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Bratin Saha also recently made the following trade(s):
- On Tuesday, March 18th, Bratin Saha sold 3,948 shares of DigitalOcean stock. The shares were sold at an average price of $36.63, for a total value of $144,615.24.
- 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 value of $157,835.20.
DigitalOcean Trading Down 5.2 %
DigitalOcean stock opened at $25.96 on Tuesday. DigitalOcean Holdings, Inc. has a 12 month low of $25.45 and a 12 month high of $47.02. The business's fifty day simple moving average is $35.73 and its two-hundred day simple moving average is $37.81. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 3.12 and a beta of 1.87.
Analysts Set New Price Targets
DOCN has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of DigitalOcean from $52.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of DigitalOcean in a research note on Monday, April 7th. UBS Group raised their price objective on DigitalOcean from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Citigroup started 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. Finally, Canaccord Genuity Group lowered their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $41.27.
View Our Latest Stock Analysis on DigitalOcean
Institutional Trading of DigitalOcean
A number of institutional investors and hedge funds have recently bought and sold shares of DOCN. Vanguard Group Inc. grew 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 buying an additional 117,133 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of DigitalOcean by 16.6% in the fourth 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 during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of DigitalOcean by 7.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,545,642 shares of the company's stock valued at $52,660,000 after purchasing an additional 105,235 shares in the last quarter. First Trust Advisors LP increased its holdings in DigitalOcean by 6.2% in the 4th quarter. First Trust Advisors LP now owns 1,533,699 shares of the company's stock worth $52,253,000 after buying an additional 89,349 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in DigitalOcean by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,473,421 shares of the company's stock worth $50,211,000 after buying an additional 9,088 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors.
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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