Should I buy or sell DigitalOcean stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DOCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOCN, but not buy additional shares or sell existing shares. View DOCN analyst ratings or view top-rated stocks .

What is DigitalOcean's stock price target for 2024?

11 brokerages have issued 12 month price targets for DigitalOcean's shares. Their DOCN share price targets range from $25.00 to $47.00. On average, they predict the company's share price to reach $36.78 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price. View analysts price targets for DOCN or view top-rated stocks among Wall Street analysts .

How have DOCN shares performed in 2024?

DigitalOcean's stock was trading at $36.69 at the beginning of 2024. Since then, DOCN stock has decreased by 10.2% and is now trading at $32.93. View the best growth stocks for 2024 here .

When is DigitalOcean's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our DOCN earnings forecast .

How can I listen to DigitalOcean's earnings call?

DigitalOcean will be holding an earnings conference call on Friday, May 10th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) announced its earnings results on Wednesday, February, 21st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.23. The company had revenue of $180.87 million for the quarter, compared to the consensus estimate of $178.26 million. DigitalOcean had a net margin of 0.12% and a negative trailing twelve-month return on equity of 19.85%.

What ETFs hold DigitalOcean's stock?

ETFs with the largest weight of DigitalOcean (NASDAQ:DOCN) stock in their portfolio include Global X Cloud Computing ETF (CLOU) , SPDR S&P Internet ETF (XWEB) , Direxion Work From Home ETF (WFH) , First Trust Cloud Computing ETF (SKYY) , ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) , Janus Henderson Small Cap Growth Alpha ETF (JSML) , WisdomTree Cloud Computing Fund (WCLD) and BlackRock Future Innovators ETF (BFTR) .

What guidance has DigitalOcean issued on next quarter's earnings?

DigitalOcean issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of 0.370-0.390 for the period, compared to the consensus estimate of 0.370. The company issued revenue guidance of $182.0 million-$183.0 million, compared to the consensus revenue estimate of $181.1 million.

When did DigitalOcean IPO?

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 acted as the underwriters for the IPO.

Who are DigitalOcean's major shareholders?

DigitalOcean's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Paragon Capital Management Ltd (0.41%), Allspring Global Investments Holdings LLC (0.06%), Los Angeles Capital Management LLC (0.05%), Single Point Partners LLC (0.01%) and Sumitomo Mitsui Trust Holdings Inc. (0.01%). Insiders that own company stock include Ah Capital Management, LLC, Alan Shapiro , Amy Butte , Carly D Brantz , Gabriel Monroy, Harold Matthew Norman , Jeffrey Scott Guy , Megan Wood , Warren Jenson , William G Sorenson and Yancey L Spruill . View institutional ownership trends .

How do I buy shares of DigitalOcean?

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 .

NASDAQ:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

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Free DOCN Stock Alerts

$32.97

+0.04 (+0.12%)

(As of 11:03 AM ET)

Compare

Today's Range: $32.74
▼
$33.28
50-Day Range: $32.93
▼
$40.88
52-Week Range: $19.39
▼
$51.69

Volume: 323,032 shs
Average Volume: 996,002 shs
Market Capitalization: $2.99 billion

P/E Ratio: 3,300.30
Dividend Yield: N/A
Price Target: $36.78

Get DigitalOcean alerts:

DigitalOcean MarketRank™ Stock Analysis

Analyst Rating: Hold
2.45 Rating Score
Upside/Downside: 11.7% Upside
$36.78 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 10.39%
From $0.77 to $0.85 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.57 out of 5 stars

Computer And Technology Sector

566th out of 581 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

56th out of 58 stocks

2.2

Analyst's Opinion

Consensus Rating
DigitalOcean has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
DigitalOcean has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for DOCN.

0.0

Dividend Strength

Dividend Yield
DigitalOcean does not currently pay a dividend.
Dividend Growth
DigitalOcean does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DOCN.

1.4

News and Social Media Coverage

News Sentiment
DigitalOcean has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for DigitalOcean this week, compared to 6 articles on an average week.
Search Interest
Only 7 people have searched for DOCN on MarketBeat in the last 30 days. This is a decrease of -77% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added DigitalOcean to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, DigitalOcean insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.48% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for DigitalOcean are expected to grow by 10.39% in the coming year, from $0.77 to $0.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DigitalOcean is 3,296.30, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of DigitalOcean is 3,296.30, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 219.07.
Price to Earnings Growth Ratio
DigitalOcean has a PEG Ratio of 2.85. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

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About DigitalOcean Stock (NASDAQ:DOCN)

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.

DOCN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DOCN Stock News Headlines

April 16, 2024 | fool.com

1 Small-Cap Growth Stock That Could Soar, According to Wall Street

April 12, 2024 | americanbankingnews.com

Reviewing DigitalOcean (NASDAQ:DOCN) & PodcastOne (NASDAQ:PODC)

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April 10, 2024 | businesswire.com

DigitalOcean Announces Date of First Quarter 2024 Earnings Conference Call

April 9, 2024 | nasdaq.com

DigitalOcean Holdings Reaches Analyst Target Price

March 30, 2024 | fool.com

1 Small Cloud Stock Gearing Up for a New Round of Innovation -- Time to Buy?

March 30, 2024 | fool.com

2 Top Tech Stocks That Could Make You a Millionaire

March 25, 2024 | benzinga.com

Smart Money Is Betting Big In DOCN Options

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3 Under-the-Radar Cloud Computing Stocks With a Massive Growth Runway

March 23, 2024 | fool.com

2 Stocks More Magnificent Than Amazon

March 21, 2024 | fool.com

1 Super Growth Stock Down 69% to Buy Hand Over Fist in 2024

March 21, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Sportradar Group AG (SRAD), Synopsys (SNPS) and DigitalOcean Holdings (DOCN)

March 19, 2024 | cnbc.com

Cloud software buyers are getting frugal, leading to slower growth at former highfliers

March 19, 2024 | investorplace.com

Small-Cap Slam Dunks: 3 Russell 2000 Stocks to Own This March

March 19, 2024 | fool.com

2 Red-Hot Growth Stocks to Buy in 2024 and Beyond

March 18, 2024 | finance.yahoo.com

DOCN Apr 2024 42.500 call

March 17, 2024 | fool.com

Buy This Beaten-Down Cloud Stock Before Growth Picks Up

March 16, 2024 | markets.businessinsider.com

Amazon’s Growth Outlook Strengthened by Strategic Big Spring Sale: Nicholas Jones CFA Reiterates Buy Rating

March 14, 2024 | markets.businessinsider.com

Analysts’ Top Technology Picks: Microsoft (MSFT), JFrog (FROG)

March 13, 2024 | msn.com

Can DigitalOcean (NASDAQ:DOCN) Keep Up Its High Growth?

March 9, 2024 | fool.com

1 Little-Known Cloud Computing Stock to Buy Hand Over Fist Before It Soars 43%

March 6, 2024 | investing.com

DigitalOcean Holdings Inc (DOCN)

March 4, 2024 | fool.com

3 Top Bargain Stocks Ready for a Bull Run

March 3, 2024 | fool.com

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March 3, 2024 | fool.com

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March 1, 2024 | theglobeandmail.com

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See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/10/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Current Symbol: NASDAQ:DOCN
CUSIP: N/A
CIK: 1582961
Web: www.digitalocean.com
Phone: 646-827-4366
Fax: N/A
Employees: 1,156
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $36.78
High Stock Price Target: $47.00
Low Stock Price Target: $25.00
Potential Upside/Downside: +11.7%
Consensus Rating: Hold
Rating Score (0-4): 2.45
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.01
Trailing P/E Ratio: 3,296.30
Forward P/E Ratio: 42.77
P/E Growth: 2.85
Net Income: $19.41 million
Net Margins: 0.12%
Pretax Margin: 3.86%
Return on Equity: -19.85%
Return on Assets: 3.80%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.61
Quick Ratio: 2.61

Sales & Book Value

Annual Sales: $692.88 million
Price / Sales: 4.32
Cash Flow: $2.18 per share
Price / Cash Flow: 15.13
Book Value: ($3.65) per share
Price / Book: -9.02

Miscellaneous

Outstanding Shares: 90,800,000
Free Float: 86,729,000
Market Cap: $2.99 billion
Optionable: Optionable
Beta: 1.80

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Key Executives

Mr. Warren J. Adelman (Age 60)
Executive Chairman
Mr. Jeffrey Scott Guy (Age 57)
Chief Operating Officer
Comp: $615.13k
Mr. Padmanabhan T. Srinivasan (Age 47)
CEO & Director
Mr. Matthew Steinfort (Age 54)
Chief Financial Officer
Ms. Cherie Barrett (Age 52)
Senior VP & Chief Accounting Officer
Mr. Rob Bradley IRC
Vice President of Investor Relations
Mr. Alan Shapiro (Age 55)
General Counsel & Secretary
Comp: $664.54k
Mr. Matthew Norman (Age 51)
Chief People Officer
Ms. Megan Wood (Age 40)
Chief Strategy Officer
Mr. Aaqib Gadit (Age 37)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DOCN Stock Analysis - Frequently Asked Questions

Should I buy or sell DigitalOcean stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DOCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOCN, but not buy additional shares or sell existing shares.
View DOCN analyst ratings or view top-rated stocks.
What is DigitalOcean's stock price target for 2024?: 11 brokerages have issued 12 month price targets for DigitalOcean's shares. Their DOCN share price targets range from $25.00 to $47.00. On average, they predict the company's share price to reach $36.78 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for DOCN or view top-rated stocks among Wall Street analysts.
How have DOCN shares performed in 2024?: DigitalOcean's stock was trading at $36.69 at the beginning of 2024. Since then, DOCN stock has decreased by 10.2% and is now trading at $32.93.
View the best growth stocks for 2024 here.
When is DigitalOcean's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our DOCN earnings forecast.
How can I listen to DigitalOcean's earnings call?: DigitalOcean will be holding an earnings conference call on Friday, May 10th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were DigitalOcean's earnings last quarter?: DigitalOcean Holdings, Inc. (NASDAQ:DOCN) announced its earnings results on Wednesday, February, 21st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.23. The company had revenue of $180.87 million for the quarter, compared to the consensus estimate of $178.26 million. DigitalOcean had a net margin of 0.12% and a negative trailing twelve-month return on equity of 19.85%.

What ETFs hold DigitalOcean's stock?: ETFs with the largest weight of DigitalOcean (NASDAQ:DOCN) stock in their portfolio include Global X Cloud Computing ETF (CLOU), SPDR S&P Internet ETF (XWEB), Direxion Work From Home ETF (WFH), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Janus Henderson Small Cap Growth Alpha ETF (JSML), WisdomTree Cloud Computing Fund (WCLD) and BlackRock Future Innovators ETF (BFTR).
What guidance has DigitalOcean issued on next quarter's earnings?: DigitalOcean issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of 0.370-0.390 for the period, compared to the consensus estimate of 0.370. The company issued revenue guidance of $182.0 million-$183.0 million, compared to the consensus revenue estimate of $181.1 million.
When did DigitalOcean IPO?: 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 acted as the underwriters for the IPO.
Who are DigitalOcean's major shareholders?: DigitalOcean's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Paragon Capital Management Ltd (0.41%), Allspring Global Investments Holdings LLC (0.06%), Los Angeles Capital Management LLC (0.05%), Single Point Partners LLC (0.01%) and Sumitomo Mitsui Trust Holdings Inc. (0.01%). Insiders that own company stock include Ah Capital Management, LLC, Alan Shapiro, Amy Butte, Carly D Brantz, Gabriel Monroy, Harold Matthew Norman, Jeffrey Scott Guy, Megan Wood, Warren Jenson, William G Sorenson and Yancey L Spruill.
View institutional ownership trends.
How do I buy shares of DigitalOcean?: 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.

This page (NASDAQ:DOCN) was last updated on 4/19/2024 by MarketBeat.com Staff

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DigitalOcean (DOCN) Stock Price, News & Analysis

DigitalOcean MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About DigitalOcean Stock (NASDAQ:DOCN)

DOCN Stock Price History

DOCN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

DOCN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™