Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DigitalOcean Holdings Inc shares valued at $132,408 were purchased by Saha Bratin on Dec 18 ’24. At $38.18 per share, Saha Bratin acquired 3,468 shares.
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Also, Steinfort Matt sold 12,498 shares, netting a total of over 499,920 in proceeds. Following the sale of shares at $40.00 each, the insider now holds 517,498 shares.
Before that, Steinfort Matt had added 12,498 shares to its account. In a trade valued at $499,920, the Officer bought DigitalOcean Holdings Inc shares for $40.00 each.
As published in their initiating research note from UBS on May 22, 2024, DigitalOcean Holdings Inc [DOCN] has been a Neutral and the price target has been revised to $40. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late November. As of November 07, 2023, Goldman has increased its “Sell” rating to a “Buy” for DOCN. Earlier on October 23, 2023, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for DOCN stock which previously was a “an Underweight”.
Analyzing DOCN Stock Performance
During the last five days, there has been a drop of approximately -9.42%. Over the course of the year, DigitalOcean Holdings Inc shares have dropped approximately -5.18%. Shares of the company reached a 52-week high of $44.80 on 10/18/24 and a 52-week low of $26.63 on 08/05/24. A 50-day SMA is recorded $39.69, while a 200-day SMA reached $37.11. Nevertheless, trading volume fell to 1.1 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for DigitalOcean Holdings Inc (DOCN)
According to the 24-hour chart, there is a support level at 33.56, which, if violated, would cause prices to drop to 32.33. In the upper region, resistance lies at 37.10. The next price resistance is at 39.41. RSI (Relative Strength Index) is 33.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.76, which suggests the price will decrease in the coming days. Percent R is at 97.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
