DigitalOcean Holdings Inc’s filing revealed that its Chief Product & Tech Officer Saha Bratin unloaded Company’s shares for reported $0.13 million on Dec 18 ’24. In the deal valued at $38.18 per share,3,468 shares were sold. As a result of this transaction, Saha Bratin now holds 379,795 shares worth roughly $12.75 million.
Then, Saha Bratin bought 3,468 shares, generating $132,408 in total proceeds.
Before that, Steinfort Matt sold 12,498 shares. DigitalOcean Holdings Inc shares valued at $499,920 were divested by the Chief Financial Officer at a price of $40.00 per share. As a result of the transaction, Steinfort Matt now holds 517,498 shares, worth roughly $17.37 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 0.24% to $33.56. Over the last five days, the stock has lost -5.73%. DigitalOcean Holdings Inc shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have fallen -7.83% over the past one year. While a 52-week high of $44.80 was reached on 01/06/25, a 52-week low of $26.63 was recorded on 01/10/25. SMA at 50 days reached $37.24, 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 32.96, which if violated will result in even more drops to 32.36. On the upside, there is a resistance level at 34.19. A further resistance level may holdings at 34.82. The Relative Strength Index (RSI) on the 14-day chart is 34.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.35%. Stochastics %K at 21.04% 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 2024-12-31, dropping by -0.25 million shares to a total of 5.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.0 million shares. There was a decline of -4.33%, which implies that there is a negative sentiment for the stock.
