DigitalOcean Holdings, Inc. $DOCN Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in DigitalOcean Holdings, Inc. by 42.9%, acquiring a total of 39,285 shares worth approximately $1.12 million.
• Several institutions, including CX Institutional and Farther Finance Advisors LLC, significantly boosted their holdings in DigitalOcean, with increases of up to 135,100%.
• Analysts have issued a consensus price target of $42.73 for DigitalOcean, with ratings varying from "buy" to "hold" among ten research firms.

Blair William & Co. IL grew its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,285 shares of the company's stock after buying an additional 11,792 shares during the period. Blair William & Co. IL's holdings in DigitalOcean were worth $1,122,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CX Institutional boosted its holdings in shares of DigitalOcean by 780.5% in the 2nd quarter. CX Institutional now owns 1,039 shares of the company's stock valued at $30,000 after buying an additional 921 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of DigitalOcean by 336.1% in the 1st quarter. GAMMA Investing LLC now owns 1,064 shares of the company's stock valued at $36,000 after buying an additional 820 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of DigitalOcean by 135,100.0% in the 1st 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 in the last quarter. SVB Wealth LLC purchased a new stake in DigitalOcean in the 1st quarter valued at $48,000. Finally, Advisors Asset Management Inc. raised its position in DigitalOcean by 39.6% in the 1st 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 last quarter. Institutional investors and hedge funds own 49.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DOCN. UBS Group began coverage on shares of DigitalOcean in a research report on Tuesday, October 7th. They issued a "neutral" rating and a $40.00 price target for the company. Morgan Stanley upped their price target on shares of DigitalOcean from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group upped their price target on shares of DigitalOcean from $49.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Stifel Nicolaus set a $36.00 price target on shares of DigitalOcean in a research report on Tuesday, August 5th. Finally, Barclays upped their price target 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. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $42.73.

Insider Activity

In other news, insider Bratin Saha sold 13,010 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $31.87, for a total value of $414,628.70. Following the completion of the transaction, the insider owned 269,465 shares in the company, valued at $8,587,849.55. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Stock Up 7.5%

Shares of DOCN opened at $43.54 on Thursday. The company has a 50-day simple moving average of $34.62 and a 200-day simple moving average of $31.04. The company has a market capitalization of $3.96 billion, a PE ratio of 33.49, a P/E/G ratio of 2.30 and a beta of 1.76. 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 analysts' consensus estimates of $0.47 by $0.12. The business had revenue of $218.70 million during the quarter, compared to the consensus estimate 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 was up 13.6% compared to the same quarter last year. During the same quarter last 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. On average, research analysts anticipate that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current year.

About DigitalOcean

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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