Deutsche Bank AG Lowers Holdings in DigitalOcean Holdings, Inc. $DOCN

Key Points

• Deutsche Bank AG reduced its stake in DigitalOcean Holdings by 30.4%, owning 57,519 shares valued at approximately $1.92 million after selling 25,119 shares during the 1st quarter.
• Various institutional investors have recently adjusted their positions in DigitalOcean, with hedge funds currently holding 49.77% of the company's stock.
• DigitalOcean reported earnings of $0.59 per share for the last quarter, surpassing expectations and contributing to a 13.6% year-over-year revenue increase.

Deutsche Bank AG lowered its position in DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,519 shares of the company's stock after selling 25,119 shares during the quarter. Deutsche Bank AG owned approximately 0.06% of DigitalOcean worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of DOCN. GAMMA Investing LLC boosted its stake in DigitalOcean by 336.1% in the first quarter. GAMMA Investing LLC now owns 1,064 shares of the company's stock worth $36,000 after buying an additional 820 shares in the last quarter. Farther Finance Advisors LLC boosted its position in DigitalOcean by 135,100.0% during the first quarter. Farther Finance Advisors LLC now owns 1,352 shares of the company's stock valued at $46,000 after buying an additional 1,351 shares during the period. Canada Pension Plan Investment Board purchased a new stake in DigitalOcean during the fourth quarter valued at about $133,000. Cerity Partners LLC purchased a new stake in DigitalOcean during the first quarter valued at about $223,000. Finally, Mariner LLC boosted its position in DigitalOcean by 14.4% during the fourth quarter. Mariner LLC now owns 6,685 shares of the company's stock valued at $228,000 after buying an additional 839 shares during the period. Hedge funds and other institutional investors own 49.77% of the company's stock.

Insider Transactions at DigitalOcean

In related news, insider Bratin Saha sold 3,461 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $27.77, for a total value of $96,111.97. Following the completion of the transaction, the insider directly owned 294,546 shares of the company's stock, valued at $8,179,542.42. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on DOCN shares. Wall Street Zen upgraded shares of DigitalOcean from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Stifel Nicolaus set a $36.00 price target on shares of DigitalOcean in a report on Tuesday, August 5th. Barclays boosted their price objective on shares of DigitalOcean from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group raised their target price on DigitalOcean from $45.00 to $49.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of DigitalOcean in a report on Tuesday, May 6th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $41.45.

DigitalOcean Price Performance

DOCN stock traded up $1.5480 during trading on Friday, reaching $31.5380. The company had a trading volume of 1,787,689 shares, compared to its average volume of 3,724,420. DigitalOcean Holdings, Inc. has a 52 week low of $25.45 and a 52 week high of $47.02. The company has a market cap of $2.87 billion, a P/E ratio of 24.26, a PEG ratio of 1.84 and a beta of 1.75. The business has a 50 day moving average of $29.37 and a 200 day moving average of $32.17.

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

DigitalOcean 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).