Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DigitalOcean Holdings Inc shares valued at $157,835 were sold by Saha Bratin on Jan 21 ’25. At $36.80 per share, Saha Bratin sold 4,289 shares. The insider’s holdings dropped to 372,762 shares worth approximately $16.89 million following the completion of this transaction.
Also, Saha Bratin purchased 4,289 shares, netting a total of over 157,835 in proceeds.
Before that, Saha Bratin had sold 3,468 shares from its account. In a trade valued at $132,408, the Chief Product & Tech Officer traded DigitalOcean Holdings Inc shares for $38.18 each. Upon closing the transaction, the insider’s holdings decreased to 3,468 shares, worth approximately $17.21 million.
As published in their initiating research note from Citigroup on January 24, 2025, DigitalOcean Holdings Inc [DOCN] has been a Buy and the price target has been revised to $45. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of January 16, 2025, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for DOCN. Earlier on May 22, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for DOCN stock.
Analyzing DOCN Stock Performance
During the last five days, there has been a surge of approximately 5.49%. Over the course of the year, DigitalOcean Holdings Inc shares have jumped approximately 32.99%. Shares of the company reached a 52-week high of $46.46 on 02/11/25 and a 52-week low of $32.90 on 01/10/25. A 50-day SMA is recorded $38.27, while a 200-day SMA reached $37.31. Nevertheless, trading volume fell to 0.78 million shares from 0.99 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 44.41, which, if violated, would cause prices to drop to 43.50. In the upper region, resistance lies at 46.01. The next price resistance is at 46.70. RSI (Relative Strength Index) is 73.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.88, which suggests the price will increase in the coming days. Percent R is at 14.61%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
