Is DigitalOcean Holdings Inc (NYSE: DOCN) Still On The Rise?

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 $3.98B. A total of 4.03 million shares were traded on the day, compared to an average of 1.32M shares.

In the most recent transaction, Steinfort Matt sold 12,498 shares of DOCN for 40.00 per share on Sep 11 ’24. After the transaction, the Chief Financial Officer now owns 548,542 company shares. In a previous transaction on Sep 11 ’24, Steinfort Matt bought 12,498 shares at 40.00 per share.

Among the insiders who sold shares, Butte Amy disposed of 5,220 shares on Jun 07 ’24 at a per-share price of $37.46. This resulted in the Director holding 36,417 shares of DOCN after the transaction. In another insider transaction, Butte Amy sold 3,760 shares at $36.80 per share on Feb 26 ’24. Company shares held by the Director now total 36,220.

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 $42.24 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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