DigitalOcean (DOCN) Projected to Post Quarterly Earnings on Tuesday

DigitalOcean (NYSE:DOCN) is expected to release its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect DigitalOcean to post earnings of $0.45 per share and revenue of $208.63 million for the quarter.

DigitalOcean Price Performance

Shares of NYSE:DOCN opened at $32.61 on Friday. The firm’s 50 day simple moving average is $33.47 and its two-hundred day simple moving average is $37.05. The company has a market capitalization of $2.97 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.12 and a beta of 1.87. DigitalOcean has a 1-year low of $25.45 and a 1-year high of $47.02.

Insiders Place Their Bets

In other news, insider Bratin Saha sold 3,461 shares of DigitalOcean stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $26.86, for a total value of $92,962.46. Following the completion of the transaction, the insider now owns 394,367 shares in the company, valued at approximately $10,592,697.62. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup initiated coverage on shares of DigitalOcean in a report on Friday, January 24th. They issued a “buy” rating and a $45.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DigitalOcean in a research note on Saturday, March 1st. JPMorgan Chase & Co. lifted their target price on DigitalOcean from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Barclays dropped their price target on DigitalOcean from $48.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Finally, JMP Securities lifted their price objective on shares of DigitalOcean from $47.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.27.

About DigitalOcean

DigitalOcean Holdings, Inc, through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC).