15,400 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,400 shares of the company's stock, valued at approximately $440,000.

Other institutional investors also recently modified their holdings of the company. CX Institutional raised its position in shares of DigitalOcean by 780.5% in the second quarter. CX Institutional now owns 1,039 shares of the company's stock valued at $30,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC raised its position in shares of DigitalOcean by 336.1% in the first quarter. GAMMA Investing LLC now owns 1,064 shares of the company's stock valued at $36,000 after purchasing an additional 820 shares during the period. SVB Wealth LLC bought a new position in shares of DigitalOcean in the first quarter valued at approximately $48,000. Farther Finance Advisors LLC raised its position in shares of DigitalOcean by 42.3% in the second quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company's stock valued at $55,000 after purchasing an additional 572 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of DigitalOcean by 39.6% in the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company's stock valued at $74,000 after purchasing an additional 632 shares during the period. Institutional investors own 49.77% of the company's stock.

DigitalOcean Price Performance

Shares of DigitalOcean stock opened at $39.39 on Friday. The firm has a market capitalization of $3.59 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.24 and a beta of 1.76. The company's fifty day moving average price is $35.89 and its two-hundred day moving average price is $31.55. DigitalOcean Holdings, Inc. has a 52-week low of $25.45 and a 52-week high of $47.02.

DigitalOcean (NYSE:DOCN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.12. The firm had revenue of $218.70 million for the quarter, compared to analyst estimates of $216.62 million. DigitalOcean had a net margin of 15.18% and a negative return on equity of 73.19%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. DigitalOcean has set its FY 2025 guidance at 2.050-2.100 EPS. Q3 2025 guidance at 0.450-0.500 EPS. Analysts predict that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at DigitalOcean

In other DigitalOcean news, insider Bratin Saha sold 13,010 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $31.87, for a total value of $414,628.70. Following the sale, the insider owned 269,465 shares of the company's stock, valued at $8,587,849.55. The trade was a 4.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DOCN. Stifel Nicolaus set a $36.00 price target on shares of DigitalOcean in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DigitalOcean in a research report on Friday. UBS Group initiated coverage on shares of DigitalOcean in a research report on Tuesday, October 7th. They set a "neutral" rating and a $40.00 target price on the stock. Canaccord Genuity Group boosted their target price on shares of DigitalOcean from $49.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Morgan Stanley boosted their target price on shares of DigitalOcean from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DigitalOcean has an average rating of "Hold" and an average target price of $42.73.

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).

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