California First Leasing Corp Buys Shares of 67,600 DigitalOcean Holdings, Inc. $DOCN

California First Leasing Corp purchased a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 67,600 shares of the company’s stock, valued at approximately $1,931,000. California First Leasing Corp owned 0.07% of DigitalOcean at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CX Institutional increased its holdings in DigitalOcean by 780.5% during the 2nd quarter. CX Institutional now owns 1,039 shares of the company’s stock worth $30,000 after acquiring an additional 921 shares during the period. SVB Wealth LLC purchased a new position in shares of DigitalOcean during the 1st quarter valued at $48,000. Farther Finance Advisors LLC increased its holdings in shares of DigitalOcean by 42.3% in the second quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company’s stock worth $55,000 after purchasing an additional 572 shares during the period. Advisors Asset Management Inc. raised its position in shares of DigitalOcean by 39.6% in the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock worth $74,000 after buying an additional 632 shares in the last quarter. Finally, Covestor Ltd boosted its stake in DigitalOcean by 35.8% during the first quarter. Covestor Ltd now owns 3,182 shares of the company’s stock valued at $106,000 after buying an additional 838 shares during the period. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Stock Up 4.4%

Shares of DOCN stock opened at $48.31 on Friday. The stock has a fifty day moving average of $42.32 and a 200 day moving average of $34.68. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 6.07 and a beta of 1.77. DigitalOcean Holdings, Inc. has a 52 week low of $25.45 and a 52 week high of $52.20.

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

Analysts Set New Price Targets

DOCN has been the subject of a number of research reports. Barclays boosted their price target on shares of DigitalOcean from $40.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Wall Street Zen lowered shares of DigitalOcean from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Bank of America upgraded DigitalOcean from an “underperform” rating to a “buy” rating and raised their price target for the company from $34.00 to $60.00 in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 1st. Finally, Oppenheimer started coverage on DigitalOcean in a report on Monday, November 10th. They issued an “outperform” rating and a $60.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.75.

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).