DigitalOcean (DOCN) to Release Quarterly Earnings on Tuesday

DigitalOcean (NYSE:DOCN - Get Free Report) is anticipated to release its Q1 2025 earnings data 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 Stock Performance

Shares of DOCN stock traded up $1.13 during trading hours on Friday, reaching $32.61. The company had a trading volume of 1,437,476 shares, compared to its average volume of 1,288,241. DigitalOcean has a 12-month low of $25.45 and a 12-month high of $47.02. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 3.12 and a beta of 1.87. The stock has a fifty day moving average of $33.47 and a 200-day moving average of $37.05.

Insider Buying and Selling

In related news, insider Bratin Saha sold 3,948 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $36.63, for a total transaction of $144,615.24. Following the sale, the insider now directly owns 358,696 shares in the company, valued at approximately $13,139,034.48. This represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.74% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DOCN shares. UBS Group lifted their price target on DigitalOcean from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Morgan Stanley decreased their target price 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. Citigroup began coverage on shares of DigitalOcean in a research note on Friday, January 24th. They issued a "buy" rating and a $45.00 price target for the company. Bank of America lifted their price target on shares of DigitalOcean from $28.00 to $31.00 and gave the company an "underperform" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lowered their price objective on DigitalOcean from $40.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, April 7th. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $41.27.

About DigitalOcean

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).