DigitalOcean (DOCN) Projected to Post Earnings on Tuesday

DigitalOcean (NYSE:DOCN - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 6th. Analysts expect DigitalOcean to post earnings of $0.45 per share and revenue of $208.63 million for the quarter.

DigitalOcean Price Performance

Shares of NYSE DOCN traded up $0.62 during midday trading on Tuesday, hitting $31.47. 286,870 shares of the company's stock were exchanged, compared to its average volume of 1,298,942. DigitalOcean has a twelve month low of $25.45 and a twelve month high of $47.02. The company has a market cap of $2.89 billion, a PE ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.87. The firm's fifty day simple moving average is $34.15 and its 200-day simple moving average is $37.34.

Insider Buying and Selling at DigitalOcean

In other news, insider Bratin Saha sold 3,461 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $26.86, for a total value of $92,962.46. Following the completion of the sale, the insider now directly owns 394,367 shares in the company, valued at approximately $10,592,697.62. The trade was a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a "buy" rating on shares of DigitalOcean in a report on Saturday, March 1st. Barclays dropped their price target on shares of DigitalOcean from $48.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of DigitalOcean from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Bank of America upped their target price on shares of DigitalOcean from $28.00 to $31.00 and gave the stock an "underperform" rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley reduced their price target on shares of DigitalOcean from $52.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, DigitalOcean currently has an average rating of "Hold" and a consensus price target of $41.27.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.