Matt Steinfort, Chief Financial Officer of DigitalOcean Holdings Inc (DOCN, Financial), sold 12,498 shares of the company on September 11, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 548,542 shares of the company.
DigitalOcean Holdings Inc (DOCN, Financial) is a cloud infrastructure provider targeting developers, startups, and SMBs to help deploy, manage, and scale applications. The company simplifies cloud computing, offering scalable compute platforms with virtual servers, storage, and networking capabilities.
Over the past year, the insider has sold a total of 12,498 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been eight insider sells and no insider buys over the past year.
On the day of the transaction, shares of DigitalOcean Holdings Inc were priced at $40. This valuation sets the company's market cap at approximately $3.71 billion. The price-earnings ratio of the company stands at 55.79, which is above the industry median of 25.62.
According to GF Value, the intrinsic value of DigitalOcean Holdings Inc is estimated at $49.47 per share, making the stock modestly undervalued with a price-to-GF-Value ratio of 0.81. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale might interest investors tracking insider behaviors as a gauge of confidence in the company's current valuation and future prospects.
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.
