DigitalOcean Holdings Inc’s recently made public that its Chief Product & Tech Officer Saha Bratin unloaded Company’s shares for reported $0.63 million on Nov 18 ’24. In the deal valued at $36.85 per share,16,989 shares were sold. As a result of this transaction, Saha Bratin now holds 390,296 shares worth roughly $14.84 million.
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Then, Saha Bratin sold 3,468 shares, generating $124,779 in total proceeds. Upon selling the shares at $35.98, the Chief Product & Tech Officer now owns 386,828 shares.
Before that, Saha Bratin bought 3,468 shares. DigitalOcean Holdings Inc shares valued at $124,779 were divested by the Officer at a price of $35.98 per share.
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 4.42% to $38.02. Over the last five days, the stock has lost -0.96%. DigitalOcean Holdings Inc shares have risen nearly 3.62% since the year began. Nevertheless, the stocks have risen 31.56% over the past one year. While a 52-week high of $44.80 was reached on 10/18/24, a 52-week low of $26.63 was recorded on 08/05/24. SMA at 50 days reached $40.62, while 200 days put it at $37.04.
Levels Of Support And Resistance For DOCN Stock
The 24-hour chart illustrates a support level at 36.45, which if violated will result in even more drops to 34.87. On the upside, there is a resistance level at 38.86. A further resistance level may holdings at 39.69. The Relative Strength Index (RSI) on the 14-day chart is 45.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.41%. Stochastics %K at 36.56% indicates the stock is a holding.
How much short interest is there in DigitalOcean Holdings Inc?
A steep rise in short interest was recorded in DigitalOcean Holdings Inc stocks on 2024-10-31, dropping by -0.79 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.28 million shares. There was a decline of -14.32%, which implies that there is a negative sentiment for the stock.
