DigitalOcean Holdings Inc’s recently made public that its Chief Financial Officer Steinfort Matt unloaded Company’s shares for reported $0.5 million on Sep 11 ’24. In the deal valued at $40.00 per share,12,498 shares were sold. As a result of this transaction, Steinfort Matt now holds 548,542 shares worth roughly $22.61 million.
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Then, Steinfort Matt bought 12,498 shares, generating $499,920 in total proceeds.
Before that, Butte Amy sold 5,220 shares. DigitalOcean Holdings Inc shares valued at $195,541 were divested by the Director at a price of $37.46 per share. As a result of the transaction, Butte Amy now holds 36,417 shares, worth roughly $1.5 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 Tuesday, DigitalOcean Holdings Inc [NYSE:DOCN] saw its stock jump 0.81% to $41.22. Over the last five days, the stock has lost -1.67%. DigitalOcean Holdings Inc shares have risen nearly 12.35% since the year began. Nevertheless, the stocks have risen 100.68% over the past one year. While a 52-week high of $44.80 was reached on 10/18/24, a 52-week low of $19.39 was recorded on 08/05/24. SMA at 50 days reached $40.25, while 200 days put it at $36.75.
Levels Of Support And Resistance For DOCN Stock
The 24-hour chart illustrates a support level at 40.72, which if violated will result in even more drops to 40.22. On the upside, there is a resistance level at 41.50. A further resistance level may holdings at 41.79. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.92%. Stochastics %K at 13.58% indicates the stock is a buying.
How much short interest is there in DigitalOcean Holdings Inc?
A steep rise in short interest was recorded in DigitalOcean Holdings Inc stocks on 2024-10-15, dropping by -0.55 million shares to a total of 5.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.35 million shares. There was a decline of -9.5%, which implies that there is a negative sentiment for the stock.
