DigitalOcean (NYSE:DOCN) Updates Q1 2025 Earnings Guidance

DigitalOcean (NYSE:DOCN) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.410-0.460 for the period, compared to the consensus earnings per share estimate of 0.440. The company issued revenue guidance of $207.0 million-$209.0 million, compared to the consensus revenue estimate of $208.6 million. DigitalOcean also updated its FY 2025 guidance to 1.850-1.950 EPS.

DigitalOcean Trading Down 1.8 %

Shares of DOCN opened at $27.36 on Friday. The stock has a 50-day moving average price of $36.48 and a 200-day moving average price of $38.03. The company has a market cap of $2.52 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.12 and a beta of 1.87. DigitalOcean has a 12-month low of $25.45 and a 12-month high of $47.02.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DOCN shares. Cantor Fitzgerald increased their price target on shares of DigitalOcean from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Citigroup assumed coverage on DigitalOcean in a research report on Friday, January 24th. They set a “buy” rating and a $45.00 price target on the stock. Bank of America upped their price objective on DigitalOcean from $28.00 to $31.00 and gave the stock an “underperform” rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of DigitalOcean in a report on Monday, April 7th. Finally, Stifel Nicolaus decreased their price target on shares of DigitalOcean from $40.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.18.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, insider Bratin Saha sold 3,948 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $36.63, for a total transaction of $144,615.24. Following the completion of the transaction, the insider now owns 358,696 shares of the company’s stock, valued at $13,139,034.48. This represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.74% of the stock is currently owned by corporate insiders.

About DigitalOcean

DigitalOcean Holdings, Inc, through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC).