19,524 Shares in DigitalOcean Holdings, Inc. $DOCN Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management acquired 19,524 DigitalOcean shares worth approximately $3.1 million, while institutional investors collectively own 49.77% of the company.
• DigitalOcean exceeded quarterly expectations, reporting $0.45 in EPS versus the $0.26 consensus estimate and $281.18 million in revenue, up 28.6% year over year.
• Analysts remain bullish, with the stock carrying an overall “Buy” rating and an average price target of $151.33; however, insiders sold 18,656 shares worth $2.81 million over the past 90 days.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,524 shares of the company's stock, valued at approximately $3,066,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of DigitalOcean by 14.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company's stock worth $47,000 after purchasing an additional 71 shares during the period. Parallel Advisors LLC grew its stake in shares of DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company's stock worth $28,000 after buying an additional 129 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of DigitalOcean by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 10,001 shares of the company's stock worth $481,000 after acquiring an additional 185 shares during the last quarter. Hilltop National Bank bought a new stake in DigitalOcean during the 2nd quarter valued at about $38,000. Finally, Allworth Financial LP increased its position in shares of DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company's stock valued at $25,000 after acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 49.77% of the company's stock.

DigitalOcean Trading Up 0.7%

DOCN stock opened at $115.12 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. DigitalOcean Holdings, Inc. has a twelve month low of $30.05 and a twelve month high of $187.50. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 52.57, a price-to-earnings-growth ratio of 97.89 and a beta of 1.61. The firm's fifty day simple moving average is $134.86 and its two-hundred day simple moving average is $113.48.

DigitalOcean (NYSE:DOCN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. During the same quarter last year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. William Blair reiterated an "outperform" rating on shares of DigitalOcean in a report on Wednesday, July 15th. Citigroup upped their price objective on DigitalOcean from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group raised their target price on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. KeyCorp initiated coverage on DigitalOcean in a research report on Tuesday, June 2nd. They issued an "overweight" rating and a $200.00 price objective on the stock. Finally, Barclays boosted their target price on shares of DigitalOcean from $160.00 to $161.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $151.33.

Insider Activity at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 4,456 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the sale, the chief accounting officer directly owned 65,487 shares of the company's stock, valued at $8,668,514.19. The trade was a 6.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the sale, the chief financial officer owned 538,414 shares of the company's stock, valued at $91,568,068.98. The trade was a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 18,656 shares of company stock worth $2,811,383 in the last 90 days. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Profile

DigitalOcean Holdings, Inc is a cloud infrastructure provider that focuses on simplicity, performance and developer experience. The company offers a range of cloud services designed to help software developers, startups and small- to medium-sized businesses deploy, manage and scale applications. Its flagship offering, Droplets, provides virtual private servers that can be configured with various CPU, memory and storage options. In addition to compute instances, DigitalOcean's platform includes managed Kubernetes, scalable object and block storage, managed databases, load balancers and networking capabilities such as Virtual Private Cloud (VPC) and Floating IPs.

Founded in 2011 and headquartered in New York City, DigitalOcean was created with the goal of making cloud computing more accessible to individual developers and smaller teams.

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