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 Q3 regulatory filings by fund managers ($100M+ AUM)
121% more call options, than puts
Call options by funds: $182M | Put options by funds: $82M
14% more capital invested
Capital invested by funds: $1.9B [Q2] → $2.16B (+$258M) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 83
1% more funds holding
Funds holding: 267 [Q2] → 271 (+4) [Q3]
9% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 46
1.96% less ownership
Funds ownership: 60.03% [Q2] → 58.06% (-1.96%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Pinjalim Bora 56% 1-year accuracy 14 / 25 met price target | 9%upside $40 | Neutral Maintained | 25 Oct 2024 |
Barclays Raimo Lenschow 58% 1-year accuracy 47 / 81 met price target | 30%upside $48 | Overweight Maintained | 11 Oct 2024 |
Canaccord Genuity Kingsley Crane 54% 1-year accuracy 13 / 24 met price target | 30%upside $48 | Buy Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 11 articles about DOCN published over the past 30 days
