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)
105% more call options, than puts
Call options by funds: $182M | Put options by funds: $88.7M
22% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 41
14% more capital invested
Capital invested by funds: $1.94B [Q2] → $2.21B (+$266M) [Q3]
3% more funds holding
Funds holding: 267 [Q2] → 274 (+7) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 85
1.94% less ownership
Funds ownership: 61.31% [Q2] → 59.37% (-1.94%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Stifel Brad Reback 55% 1-year accuracy 27 / 49 met price target | 19%upside $40 | Hold Maintained | 18 Dec 2024 |
JP Morgan Pinjalim Bora 52% 1-year accuracy 32 / 61 met price target | 19%upside $40 | Neutral Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 6 articles about DOCN published over the past 30 days
