On December 4, 2024, Matt Steinfort, Chief Financial Officer of DigitalOcean Holdings Inc (DOCN, Financial), sold 12,498 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 517,498 shares of the company.
DigitalOcean Holdings Inc is a cloud infrastructure provider that offers cloud services to help developers deploy, manage, and scale applications. The company provides a range of services, including computing, storage, and networking, designed to simplify cloud computing for developers.
Over the past year, Matt Steinfort has sold a total of 24,996 shares and has not purchased any shares. The insider transaction history for DigitalOcean Holdings Inc indicates that there have been no insider buys and four insider sells over the same period.
On the day of the recent sale, shares of DigitalOcean Holdings Inc were trading at $40 each, giving the stock a market cap of $3.706 billion. The company's price-earnings ratio stands at 46.52, which is higher than the industry median of 26.94 but lower than the company's historical median price-earnings ratio.
With a trading price of $40 and a GF Value of $44.12, DigitalOcean Holdings Inc has a price-to-GF-Value ratio of 0.91, indicating that the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
