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What Do Analysts Say About DigitalOcean Holdings Inc. (DOCN)?

How have the shares performed?

DigitalOcean Holdings Inc. (DOCN) saw an uptrend of 5.46% in the recent trading with $39.05 being its most recent. The current price level -15.75% lower than the highest price of $46.35 marked by the stock while trading over the past 52-weeks, whereas it is 10.47% higher than the lowest price of $35.35 the company dropped to over past 52-weeks. The latest news story on DOCN appeared in Business Wire under the title “Inc. Magazine Recognizes DigitalOceans Commitment to Creating Community in the Workplace” on May-17-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -13.95% below one month high and is +10.47% above of the lowest during that time.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock.

DigitalOcean Holdings Inc. Earnings – What Happened With DOCN

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

DOCN – DigitalOcean Holdings Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 101.41 million. DOCN does have institutional investors; and they hold 48.30% of the stock.

DigitalOcean Holdings Inc. – Insider Activity and Holdings

As on Mar 30, 2021, AH Equity Partners III, L.L.C. was the top most holder in DigitalOcean Holdings Inc. (NYSE:DOCN) with an ownership of 10.76 million shares of the company or 10.10% of the stake worth $453.23 million. The filing also reveals AH Equity Partners III (Parallel), L.L.C. as the second largest holder in the company with a control over 4.60% of the outstanding shares. Its stake is worth $206.62 million for having 4.9 million shares in hand.

AllianceBernstein, L.P. also came holding a key position in the company during the recent quarter and it now holds 1.61% of the outstanding shares. With this there are now 89 institutions which have possession in DOCN’s shares.

Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock.

Technical Analysis of DigitalOcean Holdings Inc. (NYSE:DOCN) stock

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