Lowest-Rated StocksLowest-RatedNASDAQ:DOCN DigitalOcean (DOCN) Stock Forecast, Price & News $24.22 +0.26 (+1.09%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$23.83▼$24.6550-Day Range$23.90▼$49.8452-Week Range$23.38▼$51.69Volume1.23 million shsAverage Volume2.16 million shsMarket Capitalization$2.15 billionP/E RatioN/ADividend YieldN/APrice Target$43.83 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media DigitalOcean MarketRank™ ForecastAnalyst RatingHold2.15 Rating ScoreUpside/Downside81.0% Upside$43.83 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.54Based on 13 Articles This WeekInsider TradingSelling Shares$1.33 M Sold Last QuarterProj. Earnings Growth-4.00%From $0.50 to $0.48 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.2.16 out of 5 starsComputer And Technology Sector349th out of 586 stocksComputer Programming, Data Processing, & Other Computer Related Industry28th out of 60 stocks 4.1 Analyst's Opinion Consensus RatingDigitalOcean has received a consensus rating of Hold. The company's average rating score is 2.15, and is based on 5 buy ratings, 5 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $43.83, DigitalOcean has a forecasted upside of 81.0% from its current price of $24.22.Amount of Analyst CoverageDigitalOcean has been the subject of 5 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 2.5 News and Social Media Coverage News SentimentDigitalOcean has a news sentiment score of 0.54. 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 WeekMarketBeat has tracked 13 news articles for DigitalOcean this week, compared to 5 articles on an average week.Search InterestOnly 35 people have searched for DOCN on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.MarketBeat Follows16 people have added DigitalOcean to their MarketBeat watchlist in the last 30 days. This is an increase of 23% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, DigitalOcean insiders have sold 1,194.31% more of their company's stock than they have bought. Specifically, they have bought $102,960.00 in company stock and sold $1,332,623.00 in company stock.Percentage Held by InsidersOnly 4.48% of the stock of DigitalOcean is held by insiders.Percentage Held by Institutions56.53% 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 0.0 Earnings and Valuation Earnings GrowthEarnings for DigitalOcean are expected to decrease by -4.00% in the coming year, from $0.50 to $0.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of DigitalOcean is -67.28, 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 -67.28, 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 1.71. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioDigitalOcean has a P/B Ratio of 49.43. 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 DOCN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DOCN Stock News HeadlinesSeptember 23, 2023 | markets.businessinsider.comDigitalOcean Investor Deadline ApproachingSeptember 22, 2023 | benzinga.comGlancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DigitalOcean Holdings, Inc. (DOCN)September 24, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 21, 2023 | prnewswire.comROSEN, TRUSTED INVESTOR COUNSEL, Encourages DigitalOcean Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - DOCNSeptember 21, 2023 | benzinga.comDOCN Shareholder Alert: Investors with Large Losses Should Contact Robbins LLP for Information About Recovery Against DigitalOcean Holdings, Inc.September 21, 2023 | stockhouse.comSHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $100,000 to Contact the FirmSeptember 18, 2023 | businesswire.comDigitalOcean Holdings, Inc. (DOCN) Class Action Notice: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in DigitalOcean Holdings, Inc. Securities Fraud Class ActionSeptember 18, 2023 | benzinga.comThe Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of DigitalOcean Holdings, Inc. (DOCN) InvestorsSeptember 24, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 18, 2023 | americanbankingnews.comDigitalOcean Holdings, Inc. (NASDAQ:DOCN) Given Average Recommendation of "Hold" by AnalystsSeptember 17, 2023 | americanbankingnews.comAppLovin (NYSE:APP) & DigitalOcean (NASDAQ:DOCN) Critical AnalysisSeptember 16, 2023 | benzinga.comDOCN INVESTOR ALERT: DigitalOcean Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action LawsuitSeptember 16, 2023 | prnewswire.comDIGITALOCEAN DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In DigitalOcean To Contact Him Directly To Discuss Their OptionsSeptember 15, 2023 | benzinga.comKirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of DigitalOcean Holdings, Inc. (DOCN) InvestorsSeptember 15, 2023 | benzinga.comDigitalOcean Holdings, Inc. (DOCN) Investor Alert: Robbins LLP Reminds Investors of Class Action Filed Against DigitalOcean Holdings, Inc.September 15, 2023 | tmcnet.comGlancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of DigitalOcean Holdings, Inc. (DOCN) on Behalf of InvestorsSeptember 15, 2023 | benzinga.comSHAREHOLDER ALERT: Levi & Korsinsky Notifies DigitalOcean Holdings, Inc. (DOCN) Investors of a Class Action Lawsuit and Upcoming DeadlineSeptember 15, 2023 | businesswire.comGlancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of DigitalOcean Holdings, Inc. (DOCN) on Behalf of InvestorsSeptember 14, 2023 | benzinga.comINVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of DigitalOcean Holdings, Inc. (DOCN) on Behalf of InvestorsSeptember 14, 2023 | stockhouse.comDigitalOcean Shareholder Action ReminderSeptember 13, 2023 | benzinga.comGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DigitalOcean Holdings, Inc. (DOCN)September 13, 2023 | businesswire.comThe Law Offices of Frank R. Cruz Announces Investigation of DigitalOcean Holdings, Inc. (DOCN) on Behalf of InvestorsSeptember 13, 2023 | finance.yahoo.comOil Stock Straddle Yields Profits Before Crude Prices SoarSeptember 12, 2023 | benzinga.comDigitalOcean Holdings Sued By Block & Leviton LLP for Securities Law ViolationsSeptember 12, 2023 | technews.tmcnet.comShareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against DigitalOcean Holdings, Inc. (DOCN)September 11, 2023 | msn.com4 big analyst cuts: JPMorgan strips Brunswick of Overweight ratingSeptember 9, 2023 | finance.yahoo.comInsider Sell: COO Jeffrey Guy Sells 20,584 Shares of DigitalOcean Holdings IncSee More Headlines 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 Earnings8/11/2023Today9/24/2023Next Earnings (Estimated)11/06/2023Fiscal 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$43.83 High Stock Price Forecast$103.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+81.0%Consensus RatingHold Rating Score (0-4)2.15 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($0.36) Trailing P/E RatioN/A Forward P/E Ratio48.44 P/E Growth1.71Net Income$-27,800,000.00 Net Margins-5.27% Pretax Margin-3.78% Return on Equity-32.38% Return on Assets1.95% Debt Debt-to-Equity Ratio30.91 Current Ratio3.84 Quick Ratio3.84 Sales & Book Value Annual Sales$576.32 million Price / Sales3.73 Cash Flow$0.99 per share Price / Cash Flow24.54 Book Value$0.49 per share Price / Book49.43Miscellaneous Outstanding Shares88,850,000Free Float84,868,000Market Cap$2.15 billion OptionableNot Optionable Beta1.35 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Warren J. Adelman (Age 59)Exec. Chairman Mr. Yancey L. Spruill (Age 55)CEO & Director Comp: $797.18kMr. Jeffrey Scott Guy (Age 56)Chief Operating Officer Comp: $615.13kMr. Matthew Steinfort (Age 53)Chief Financial Officer Mr. Rob Bradley IRCVP of Investor RelationsMr. Alan Shapiro (Age 54)Gen. Counsel & Sec. Mr. Matthew Norman (Age 50)Chief People Officer Ms. Megan Wood (Age 39)Chief Strategy Officer Mr. Aaqib Gadit (Age 36)Chief Revenue Officer More ExecutivesKey CompetitorsBumbleNASDAQ:BMBLRumbleNASDAQ:RUMSabreNASDAQ:SABRWeiboNASDAQ:WBMagniteNASDAQ:MGNIView All CompetitorsInsiders & InstitutionsJeffrey Scott GuySold 20,584 sharesTotal: $518,922.64 ($25.21/share)Warren JensonBought 4,000 shares on 9/7/2023Total: $102,960.00 ($25.74/share)Alberta Investment Management CorpBought 14,737 shares on 8/24/2023Ownership: 0.084%Wolverine Trading LLCBought 33,100 shares on 8/23/2023Ownership: 0.000%Jeffrey Scott GuySold 10,000 sharesTotal: $324,100.00 ($32.41/share)View All Insider TransactionsView All Institutional Transactions DOCN Stock - Frequently Asked Questions Should I buy or sell DigitalOcean stock right now? 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 5 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 forecast for 2023? 13 equities research analysts have issued 12-month price objectives for DigitalOcean's shares. Their DOCN share price forecasts range from $25.00 to $103.00. On average, they anticipate the company's stock price to reach $43.83 in the next twelve months. This suggests a possible upside of 81.0% 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 stock has decreased by 4.9% and is now trading at $24.22. 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 Monday, November 6th 2023. View our DOCN earnings forecast. How were DigitalOcean's earnings last quarter? DigitalOcean Holdings, Inc. (NASDAQ:DOCN) released its earnings results on Friday, August, 11th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $169.81 million for the quarter, compared to the consensus estimate of $169.75 million. DigitalOcean had a negative net margin of 5.27% and a negative trailing twelve-month return on equity of 32.38%. 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), Janus Henderson Small Cap Growth Alpha ETF (JSML), WisdomTree Cloud Computing Fund (WCLD), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), BlackRock Future Innovators ETF (BFTR) and Fidelity Cloud Computing ETF (FCLD). What guidance has DigitalOcean issued on next quarter's earnings? DigitalOcean updated its FY 2023 earnings guidance on Friday, September, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $680.00 million-$685.00 million, compared to the consensus revenue estimate of $683.61 million. When did DigitalOcean IPO? (DOCN) raised $751 million in an initial public offering (IPO) 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 many different retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (27.95%), Alliancebernstein L.P. (3.85%), Geode Capital Management LLC (1.31%), Allspring Global Investments Holdings LLC (1.30%), Van Berkom & Associates Inc. (1.29%) and Principal Financial Group Inc. (0.98%). 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, Warren Jenson 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 $24.22. How much money does DigitalOcean make? DigitalOcean (NASDAQ:DOCN) has a market capitalization of $2.15 billion and generates $576.32 million in revenue each year. The company earns $-27,800,000.00 in net income (profit) each year or ($0.36) 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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. 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