DigitalOcean (NYSE:DOCN) Updates Q1 2025 Earnings Guidance

DigitalOcean (NYSE:DOCN) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.410-0.460 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of DigitalOcean in a research note on Monday, April 7th. UBS Group raised their price target on shares of DigitalOcean from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lowered their target price on DigitalOcean from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, April 7th. JMP Securities boosted their price objective on shares of DigitalOcean from $47.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Finally, Citigroup started coverage on shares of DigitalOcean in a report on Friday, January 24th. They issued a “buy” rating and a $45.00 price objective on the stock. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.18.

DigitalOcean Trading Down 1.0 %

Shares of DigitalOcean stock opened at $27.81 on Thursday. DigitalOcean has a 12 month low of $25.45 and a 12 month high of $47.02. The company has a market capitalization of $2.56 billion, a PE ratio of 32.72, a PEG ratio of 3.12 and a beta of 1.87. The stock’s fifty day simple moving average is $36.85 and its 200 day simple moving average is $38.12.

Insider Activity 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 legal filing with the SEC, which is available through this link. 0.74% of the stock is owned by insiders.

DigitalOcean Company Profile

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).