Citigroup gives a Buy recommendation for DigitalOcean Holdings Inc (DOCN)

DigitalOcean Holdings Inc’s recent filing unveils that its Chief Product & Tech Officer Saha Bratin unloaded Company’s shares for reported $96112.0 on Jun 18 ’25. In the deal valued at $27.77 per share,3,461 shares were sold. As a result of this transaction, Saha Bratin now holds 294,546 shares worth roughly $8.21 million.

Then, Saha Bratin bought 3,461 shares, generating $96,112 in total proceeds.

Before that, Butte Amy sold 5,417 shares. DigitalOcean Holdings Inc shares valued at $157,418 were divested by the Director at a price of $29.06 per share. As a result of the transaction, Butte Amy now holds 31,000 shares, worth roughly $0.86 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 Monday, DigitalOcean Holdings Inc [NYSE:DOCN] saw its stock jump 1.94%% to $27.89. Over the last five days, the stock has gained 4.14%. DigitalOcean Holdings Inc shares have fallen nearly -19.74% since the year began. Nevertheless, the stocks have fallen -18.14% over the past one year. While a 52-week high of $47.02 was reached on 02/18/25, a 52-week low of $25.45 was recorded on 04/08/25.

Levels Of Support And Resistance For DOCN Stock

The 24-hour chart illustrates a support level at 27.12, which if violated will result in even more drops to 26.36. On the upside, there is a resistance level at 28.28. A further resistance level may holdings at 28.68.

How much short interest is there in DigitalOcean Holdings Inc?

A steep rise in short interest was recorded in DigitalOcean Holdings Inc stocks on 2025-05-30, growing by 2.07 million shares to a total of 8.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 6.19 million shares. There was a rise of 25.06%, which implies that there is a positive sentiment for the stock.

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