DigitalOceanDOCN
About: DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.
Employees: 1,156
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $167M | Put options by funds: $81.3M
73% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 62
15% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 47
6.19% more ownership
Funds ownership: 52.88% [Q1] → 59.06% (+6.19%) [Q2]
3% more funds holding
Funds holding: 260 [Q1] → 267 (+7) [Q2]
2% more capital invested
Capital invested by funds: $1.83B [Q1] → $1.87B (+$38.3M) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Raimo Lenschow 57% 1-year accuracy 41 / 72 met price target | 10%upside $48 | Overweight Maintained | 11 Oct 2024 |
Canaccord Genuity Kingsley Crane 59% 1-year accuracy 10 / 17 met price target | 10%upside $48 | Buy Maintained | 4 Oct 2024 |
UBS Jeff Hickey 0 / 0 met price target | 22%downside $34 | Neutral Maintained | 9 Aug 2024 |
Barclays Raimo Lenschow 57% 1-year accuracy 41 / 72 met price target | 13%downside $38 | Overweight Maintained | 9 Aug 2024 |
Stifel Brad Reback 56% 1-year accuracy 22 / 39 met price target | 20%downside $35 | Hold Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 6 articles about DOCN published over the past 30 days