There Is A Quest For Clarity Surrounding DigitalOcean Holdings Inc (NYSE: DOCN) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of DigitalOcean Holdings Inc is $3.12B. A total of 2.26 million shares were traded on the day, compared to an average of 1.37M shares.

In the most recent transaction, Butte Amy sold 5,220 shares of DOCN for 37.46 per share on Jun 07 ’24. After the transaction, the Director now owns 36,417 company shares. In a previous transaction on Feb 26 ’24, Butte Amy sold 3,760 shares at 36.80 per share. DOCN shares that Director owns now total 36,220.

Among the insiders who sold shares, Spruill Yancey L. disposed of 309,700 shares on Nov 22 ’23 at a per-share price of $28.52. This resulted in the Chief Executive Officer holding 4,954,067 shares of DOCN after the transaction. In another insider transaction, Spruill Yancey L. sold 149,704 shares at $28.89 per share on Nov 21 ’23. Company shares held by the Chief Executive Officer now total 4,699,067.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, DOCN has a high of $41.58 and a low of $19.39.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DOCN’s latest balance sheet shows that the firm has $1.71B in Cash & Short Term Investments as of fiscal 2021. There were $1.46B in debt and $58.24M in liabilities at the time. Its Book Value Per Share was -$2.77, while its Total Shareholder’s Equity was $578.20M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DOCN is Buy with a score of 3.85.

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