DigitalOcean Holdings Inc’s filing revealed that its Director Butte Amy unloaded Company’s shares for reported $0.14 million on Feb 26 ’24. In the deal valued at $36.80 per share,3,760 shares were sold. As a result of this transaction, Butte Amy now holds 36,220 shares worth roughly $1.31 million.
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Then, Spruill Yancey L. sold 309,700 shares, generating $8,832,644 in total proceeds. Upon selling the shares at $28.52, the Chief Executive Officer now owns 4,954,067 shares.
Before that, Spruill Yancey L. sold 149,704 shares. DigitalOcean Holdings Inc shares valued at $4,324,949 were divested by the Chief Executive Officer at a price of $28.89 per share. As a result of the transaction, Spruill Yancey L. now holds 4,699,067 shares, worth roughly $170.06 million.
UBS initiated its DigitalOcean Holdings Inc [DOCN] rating to a Neutral in a research note published on May 22, 2024; the price target was $40. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late November from “a Perform” to “an Outperform”. Goldman also remained covering DOCN and has increased its forecast on November 07, 2023 with a “Buy” recommendation from previously “Sell” rating. Piper Sandler revised its rating on October 23, 2023. It rated DOCN as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of DOCN
On Friday, DigitalOcean Holdings Inc [NYSE:DOCN] saw its stock fall -0.47% to $36.19. Over the last five days, the stock has lost -2.19%. DigitalOcean Holdings Inc shares have fallen nearly -1.36% since the year began. Nevertheless, the stocks have risen 5.63% over the past one year. While a 52-week high of $51.69 was reached on 03/13/24, a 52-week low of $19.39 was recorded on 04/25/24. SMA at 50 days reached $36.24, while 200 days put it at $32.17. A total of 0.5 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Levels Of Support And Resistance For DOCN Stock
The 24-hour chart illustrates a support level at 35.88, which if violated will result in even more drops to 35.57. On the upside, there is a resistance level at 36.75. A further resistance level may holdings at 37.31. The Relative Strength Index (RSI) on the 14-day chart is 49.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.23%. Stochastics %K at 55.20% indicates the stock is a holding.
