DigitalOcean Holdings Inc’s recently made public that its Chief Financial Officer Steinfort Matt unloaded Company’s shares for reported $0.5 million on Mar 04 ’25. In the deal valued at $40.00 per share,12,497 shares were sold. As a result of this transaction, Steinfort Matt now holds 557,938 shares worth roughly $20.24 million.
Then, Steinfort Matt bought 12,497 shares, generating $499,880 in total proceeds.
Before that, Saha Bratin sold 4,516 shares. DigitalOcean Holdings Inc shares valued at $208,097 were divested by the Chief Product & Tech Officer at a price of $46.08 per share. As a result of the transaction, Saha Bratin now holds 365,729 shares, worth roughly $13.26 million.
Citigroup initiated its DigitalOcean Holdings Inc [DOCN] rating to a Buy in a research note published on January 24, 2025; the price target was $45. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering DOCN and has increased its forecast on January 16, 2025 with a “an Overweight” recommendation from previously “an Equal-weight” rating. UBS started covering the stock on May 22, 2024. It rated DOCN as “a Neutral”.
Price Performance Review of DOCN
On Tuesday, DigitalOcean Holdings Inc [NYSE:DOCN] saw its stock fall -1.84% to $36.27. Over the last five days, the stock has lost -10.27%. DigitalOcean Holdings Inc shares have risen nearly 6.46% since the year began. Nevertheless, the stocks have fallen -6.01% over the past one year. While a 52-week high of $47.02 was reached on 02/18/25, a 52-week low of $26.63 was recorded on 01/10/25. SMA at 50 days reached $39.57, while 200 days put it at $37.82.
Levels Of Support And Resistance For DOCN Stock
The 24-hour chart illustrates a support level at 35.36, which if violated will result in even more drops to 34.46. On the upside, there is a resistance level at 37.32. A further resistance level may holdings at 38.38. The Relative Strength Index (RSI) on the 14-day chart is 37.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.82%. Stochastics %K at 17.60% indicates the stock is a buying.
