NASDAQ:DOCN DigitalOcean - DOCN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding DigitalOcean Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $35.49 +1.01 (+2.93%) (As of 03/23/2023 12:00 AM ET) Add Compare Share Share Today's Range$34.82▼$36.0450-Day Range$26.45▼$36.8052-Week Range$23.38▼$63.17Volume1.71 million shsAverage Volume1.56 million shsMarket Capitalization$3.44 billionP/E RatioN/ADividend YieldN/APrice Target$40.38 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media DigitalOcean MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside13.8% Upside$40.38 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment-0.08Based on 5 Articles This WeekInsider TradingSelling Shares$6.14 M Sold Last QuarterProj. Earnings Growth34.69%From $0.49 to $0.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.14 out of 5 starsComputer And Technology Sector340th out of 604 stocksComputer Programming, Data Processing, & Other Computer Related Industry29th out of 63 stocks 3.2 Analyst's Opinion Consensus RatingDigitalOcean has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 6 buy ratings, 4 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.38, DigitalOcean has a forecasted upside of 13.8% from its current price of $35.49.Amount of Analyst CoverageDigitalOcean has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for DOCN. Previous Next 0.0 Dividend Strength Dividend YieldDigitalOcean does not currently pay a dividend.Dividend GrowthDigitalOcean does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DOCN. Previous Next 2.2 News and Social Media Coverage News SentimentDigitalOcean has a news sentiment score of -0.08. 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 lower news sentiment than the 0.35 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for DigitalOcean this week, compared to 4 articles on an average week.Search Interest41 people have searched for DOCN on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat Follows22 people have added DigitalOcean to their MarketBeat watchlist in the last 30 days. This is an increase of 144% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn 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 $6,141,092.00 in company stock.Percentage Held by InsidersOnly 4.10% of the stock of DigitalOcean is held by insiders.Percentage Held by Institutions52.00% of the stock of DigitalOcean is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for DigitalOcean are expected to grow by 34.69% in the coming year, from $0.49 to $0.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of DigitalOcean is -154.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of DigitalOcean is -154.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioDigitalOcean has a PEG Ratio of 1.70. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioDigitalOcean has a P/B Ratio of 66.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About DigitalOcean (NASDAQ:DOCN) StockDigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's 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 others. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.Read More Receive DOCN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for DigitalOcean and its competitors with MarketBeat's FREE daily newsletter. Email Address DOCN Stock News HeadlinesMarch 22, 2023 | americanbankingnews.comDigitalOcean (NASDAQ:DOCN) Price Target Lowered to $43.00 at Needham & Company LLCMarch 20, 2023 | americanbankingnews.comDigitalOcean (NASDAQ:DOCN) Downgraded to "Market Perform" at OppenheimerMarch 24, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!March 16, 2023 | americanbankingnews.comInsider Selling: DigitalOcean Holdings, Inc. (NASDAQ:DOCN) COO Sells 5,600 Shares of StockMarch 15, 2023 | americanbankingnews.comDigitalOcean Holdings, Inc. (NASDAQ:DOCN) COO Jeffrey Scott Guy Sells 6,400 Shares of StockMarch 9, 2023 | finance.yahoo.comDigitalOcean Holdings, Inc. (DOCN) Recently Broke Out Above the 200-Day Moving AverageMarch 1, 2023 | finance.yahoo.comDigitalOcean Holdings, Inc. (DOCN) Just Flashed Golden Cross Signal: Do You Buy?February 23, 2023 | finance.yahoo.comWill DigitalOcean Holdings, Inc. (DOCN) Gain on Rising Earnings Estimates?March 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.February 16, 2023 | finance.yahoo.comDigitalOcean Holdings, Inc. (DOCN) Q4 Earnings and Revenues Beat EstimatesFebruary 16, 2023 | investorplace.comDigitalOcean Layoffs 2023: What to Know About the Latest DOCN Job CutsFebruary 16, 2023 | finance.yahoo.comDigitalOcean Announces Fourth Quarter and Fiscal Year 2022 Financial ResultsJanuary 16, 2023 | finance.yahoo.comDigitalOcean Holdings, Inc. (NYSE:DOCN) About To Shift From Loss To ProfitJanuary 13, 2023 | finance.yahoo.comDigitalOcean Announces Date of Fourth Quarter and Fiscal Year 2022 Earnings Conference CallJanuary 8, 2023 | finance.yahoo.comHow to Invest $15,000 Today If You Had to Start From ScratchDecember 27, 2022 | finance.yahoo.comInstitutional owners may take dramatic actions as DigitalOcean Holdings, Inc.'s (NYSE:DOCN) recent 6.8% drop adds to one-year lossesDecember 14, 2022 | finance.yahoo.comThe Stock That Is Down 77% but Has an Ocean of OpportunityDecember 6, 2022 | finance.yahoo.comDigitalOcean Names Aaqib Gadit Chief Revenue OfficerDecember 3, 2022 | finance.yahoo.com1 Big Risk for DigitalOcean StockNovember 25, 2022 | finance.yahoo.comDigitalOcean Holdings, Inc. (DOCN) Upgraded to Buy: What Does It Mean for the Stock?November 19, 2022 | finance.yahoo.comIs DigitalOcean Stock a Buy Now?November 17, 2022 | finance.yahoo.comDigitalOcean Names Matt Steinfort Chief Financial OfficerNovember 17, 2022 | finance.yahoo.comHow DigitalOcean Plans to Reach $1 Billion in Revenue by 2024November 15, 2022 | finance.yahoo.comDigitalOcean Expands Overseas Reach With New Data Center In SydneyNovember 15, 2022 | finance.yahoo.com1 Impressive Metric Shows How Well DigitalOcean Is Doing -- Is the Stock a Buy?November 15, 2022 | finance.yahoo.comDigitalOcean Announces New Data Center in SydneyNovember 8, 2022 | finance.yahoo.comDigitalOcean Wants to Double Data Storage SalesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive DOCN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for DigitalOcean and its competitors with MarketBeat's FREE daily newsletter. Email Address DOCN Company Calendar Last Earnings2/16/2023Today3/23/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:DOCN CUSIPN/A CIK1582961 Webwww.digitalocean.com Phone646-827-4366FaxN/AEmployees1,204Year FoundedN/APrice Target and Rating Average Stock Price Forecast$40.38 High Stock Price Forecast$63.00 Low Stock Price Forecast$27.00 Forecasted Upside/Downside+13.8%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)($0.23) Trailing P/E RatioN/A Forward P/E Ratio72.43 P/E Growth1.7Net Income$-24,280,000.00 Net Margins-4.21% Pretax Margin-4.24% Return on Equity-2.36% Return on Assets-0.19% Debt Debt-to-Equity Ratio28.78 Current Ratio5.76 Quick Ratio5.76 Sales & Book Value Annual Sales$576.32 million Price / Sales5.97 Cash Flow$1.01 per share Price / Cash Flow35.17 Book Value$0.53 per share Price / Book66.96Miscellaneous Outstanding Shares96,960,000Free Float92,981,000Market Cap$3.44 billion OptionableNot Optionable Beta1.16 Key ExecutivesMr. Yancey L. Spruill (Age 55)CEO & Director Comp: $1.3MMr. Alan Shapiro (Age 54)Gen. Counsel & Sec. Comp: $664.54kMr. Gabriel Monroy (Age 43)Chief Product Officer Comp: $500.8kMr. William G. Sorenson (Age 67)Chief Financial Officer Mr. Jeffrey Scott Guy (Age 57)Chief Operating Officer Ms. Adrienne E. Calderone CPA (Age 56)Sr. VP & Chief Accounting Officer Mr. Rob Bradley IRCVP of Investor RelationsMs. Carly Brantz (Age 44)Chief Marketing Officer Mr. Matthew Norman (Age 50)Chief People Officer Ms. Megan WoodChief Strategy OfficerMore ExecutivesKey CompetitorsBumbleNASDAQ:BMBLWeiboNASDAQ:WBDoubleVerifyNYSE:DVWix.comNASDAQ:WIXMomentive GlobalNASDAQ:MNTVView All CompetitorsInsiders & InstitutionsJeffrey Scott GuySold 5,600 sharesTotal: $196,000.00 ($35.00/share)Victory Capital Management Inc.Sold 77,044 shares on 3/10/2023Ownership: 0.703%Jeffrey Scott GuySold 6,400 sharesTotal: $224,064.00 ($35.01/share)Rockefeller Capital Management L.P.Bought 1,467 shares on 3/6/2023Ownership: 0.004%Voya Investment Management LLCSold 660 shares on 2/28/2023Ownership: 0.029%View All Insider TransactionsView All Institutional Transactions DOCN Stock - Frequently Asked Questions Should I buy or sell DigitalOcean stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023? 12 analysts have issued 1 year target prices for DigitalOcean's shares. Their DOCN share price forecasts range from $27.00 to $63.00. On average, they predict the company's stock price to reach $40.38 in the next twelve months. This suggests a possible upside of 13.8% 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 2023? DigitalOcean's stock was trading at $25.47 at the beginning of 2023. Since then, DOCN shares have increased by 39.3% and is now trading at $35.49. View the best growth stocks for 2023 here. When is DigitalOcean's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our DOCN earnings forecast. How were DigitalOcean's earnings last quarter? DigitalOcean Holdings, Inc. (NASDAQ:DOCN) announced its quarterly earnings results on Thursday, February, 16th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $163 million for the quarter, compared to analyst estimates of $161.10 million. DigitalOcean had a negative trailing twelve-month return on equity of 2.36% and a negative net margin of 4.21%. The business's quarterly revenue was up 36.2% compared to the same quarter last year. During the same period last year, the business posted ($0.11) EPS. 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), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Cloud Computing (SKYU), WisdomTree Cloud Computing Fund (WCLD), ALPS O'Shares Global Internet Giants ETF (OGIG), BlackRock Future Innovators ETF (BFTR) and Wedbush ETFMG Global Cloud Technology ETF (IVES). What guidance has DigitalOcean issued on next quarter's earnings? DigitalOcean issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of $0.28-$0.29 for the period, compared to the consensus EPS estimate of $0.24. The company issued revenue guidance of $163.00 million-$165.00 million, compared to the consensus revenue estimate of $168.88 million. When did DigitalOcean IPO? (DOCN) raised $751 million in an initial public offering on Wednesday, March 24th 2021. The company issued 16,500,000 shares at a price of $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. What is DigitalOcean's stock symbol? DigitalOcean trades on the NASDAQ under the ticker symbol "DOCN." Who are DigitalOcean's major shareholders? DigitalOcean's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (2.84%), First Trust Advisors LP (2.56%), Allspring Global Investments Holdings LLC (1.32%), Van Berkom & Associates Inc. (1.28%), Geode Capital Management LLC (1.20%) and Principal Financial Group Inc. (0.92%). Insiders that own company stock include Access Industries Holdings Llc, Ah Capital Management, LLC, Alan Shapiro, Amy Butte, Carly D Brantz, Gabriel Monroy, Harold Matthew Norman, Jeffrey Scott Guy and William G Sorenson. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is DigitalOcean's stock price today? One share of DOCN stock can currently be purchased for approximately $35.49. How much money does DigitalOcean make? DigitalOcean (NASDAQ:DOCN) has a market capitalization of $3.44 billion and generates $576.32 million in revenue each year. The company earns $-24,280,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis. How many employees does DigitalOcean have? The company employs 1,204 workers across the globe. How can I contact DigitalOcean? DigitalOcean's mailing address is 101 AVENUE OF THE AMERICAS 10TH FLOOR, NEW YORK NY, 10013. The official website for the company is www.digitalocean.com. The company can be reached via phone at 646-827-4366 or via email at investors@digitalocean.com. This page (NASDAQ:DOCN) was last updated on 3/24/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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