DigitalOcean Holdings, Inc. (NYSE:DOCN) Shares Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,545,642 shares of the company's stock after acquiring an additional 105,235 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.67% of DigitalOcean worth $52,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in DigitalOcean by 3.6% in the 3rd quarter. Stifel Financial Corp now owns 22,218 shares of the company's stock worth $897,000 after purchasing an additional 777 shares during the period. Tidal Investments LLC purchased a new position in shares of DigitalOcean during the 3rd quarter valued at about $423,000. Franklin Resources Inc. raised its holdings in shares of DigitalOcean by 17.1% during the 3rd quarter. Franklin Resources Inc. now owns 39,078 shares of the company's stock valued at $1,714,000 after buying an additional 5,718 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of DigitalOcean by 10.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,301,499 shares of the company's stock valued at $52,568,000 after buying an additional 122,651 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of DigitalOcean by 4.5% during the 4th quarter. Nordea Investment Management AB now owns 267,244 shares of the company's stock valued at $9,196,000 after buying an additional 11,481 shares in the last quarter. Institutional investors own 49.77% of the company's stock.

DigitalOcean Stock Up 2.6 %

DOCN traded up $0.80 on Tuesday, hitting $31.65. The company had a trading volume of 331,072 shares, compared to its average volume of 1,299,115. The company has a market cap of $2.91 billion, a PE ratio of 37.09, a PEG ratio of 3.12 and a beta of 1.87. DigitalOcean Holdings, Inc. has a 12-month low of $25.45 and a 12-month high of $47.02. The business's fifty day simple moving average is $34.15 and its 200 day simple moving average is $37.34.

Insider Buying and Selling

In other news, insider Bratin Saha sold 3,461 shares of DigitalOcean stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $26.86, for a total transaction of $92,962.46. Following the completion of the sale, the insider now owns 394,367 shares of the company's stock, valued at approximately $10,592,697.62. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on DOCN. Cantor Fitzgerald lifted their price target on DigitalOcean from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. UBS Group raised their price objective on shares of DigitalOcean from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. JMP Securities raised their price objective on shares of DigitalOcean from $47.00 to $55.00 and gave the company a "market outperform" rating in a research note on Monday, January 27th. Bank of America boosted their target price on shares of DigitalOcean from $28.00 to $31.00 and gave the company an "underperform" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group cut their target price on shares of DigitalOcean from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $41.27.

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).