Dynamic Technology Lab Private Ltd Sells 1,256 Shares of DigitalOcean Holdings, Inc. $DOCN

Dynamic Technology Lab Private Ltd reduced its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,434 shares of the company’s stock after selling 1,256 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in DigitalOcean were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Quantitative Investments LLC purchased a new stake in shares of DigitalOcean during the 2nd quarter worth approximately $604,000. Police & Firemen s Retirement System of New Jersey increased its stake in DigitalOcean by 9.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 15,272 shares of the company’s stock worth $436,000 after acquiring an additional 1,299 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in DigitalOcean by 6.5% during the second quarter. PNC Financial Services Group Inc. now owns 10,242 shares of the company’s stock worth $293,000 after acquiring an additional 628 shares during the last quarter. SBI Securities Co. Ltd. raised its position in DigitalOcean by 188.1% during the second quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company’s stock valued at $143,000 after purchasing an additional 3,265 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of DigitalOcean during the 2nd quarter valued at approximately $1,116,000. 49.77% of the stock is owned by institutional investors.

DigitalOcean Stock Performance

DigitalOcean stock opened at $45.08 on Tuesday. The company has a market capitalization of $4.12 billion, a PE ratio of 18.18, a P/E/G ratio of 5.51 and a beta of 1.78. The company has a 50 day moving average price of $40.69 and a 200-day moving average price of $33.77. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $52.20.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.31 by $0.23. The company had revenue of $229.63 million for the quarter, compared to the consensus estimate of $226.55 million. DigitalOcean had a negative return on equity of 92.51% and a net margin of 29.15%.DigitalOcean’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS. FY 2025 guidance at 2.000-2.050 EPS. On average, analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

DOCN has been the subject of a number of analyst reports. Bank of America upgraded DigitalOcean from an “underperform” rating to a “buy” rating and raised their price target for the stock from $34.00 to $60.00 in a research report on Thursday, November 6th. Canaccord Genuity Group increased their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. UBS Group raised their target price on shares of DigitalOcean from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Morgan Stanley lifted their price target on shares of DigitalOcean from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald set a $47.00 price objective on shares of DigitalOcean and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, DigitalOcean has a consensus rating of “Moderate Buy” and an average target price of $48.75.

Insider Activity at DigitalOcean

In related news, insider Bratin Saha sold 13,010 shares of DigitalOcean stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $31.87, for a total value of $414,628.70. Following the completion of the sale, the insider directly owned 269,465 shares in the company, valued at $8,587,849.55. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.

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).