DigitalOcean (NYSE:DOCN) Releases FY25 Earnings Guidance

DigitalOcean (NYSE:DOCN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the consensus earnings per share estimate of $1.84. The company issued revenue guidance of $870-890 million, compared to the consensus revenue estimate of $877.68 million. DigitalOcean also updated its FY 2025 guidance to 1.850-1.950 EPS.

Analysts Set New Price Targets

DOCN has been the topic of several research reports. JMP Securities raised their price target on shares of DigitalOcean from $47.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of DigitalOcean from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday. Canaccord Genuity Group lifted their target price on DigitalOcean from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upgraded shares of DigitalOcean from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $41.00 in a research note on Thursday, January 16th. Finally, Bank of America raised their price objective on DigitalOcean from $28.00 to $31.00 and gave the stock an “underperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.27.

DigitalOcean Stock Up 1.7 %

NYSE DOCN traded up $0.76 on Thursday, hitting $44.70. The stock had a trading volume of 1,372,553 shares, compared to its average volume of 1,322,927. The company’s 50-day moving average is $38.88 and its two-hundred day moving average is $39.14. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 52.75, a P/E/G ratio of 3.12 and a beta of 1.81. DigitalOcean has a one year low of $26.63 and a one year high of $47.02.

Insider Buying and Selling

In other DigitalOcean news, CFO Matt Steinfort sold 12,498 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $40.00, for a total transaction of $499,920.00. Following the sale, the chief financial officer now directly owns 517,498 shares in the company, valued at approximately $20,699,920. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bratin Saha sold 4,289 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $36.80, for a total transaction of $157,835.20. Following the completion of the transaction, the insider now owns 372,762 shares of the company’s stock, valued at $13,717,641.60. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,255 shares of company stock valued at $790,163 in the last three months. 0.74% of the stock is currently owned by corporate insiders.

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).