DigitalOcean Holdings, Inc. $DOCN Stake Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 248.2% during the second quarter, HoldingsChannel reports. The fund owned 45,302 shares of the company’s stock after acquiring an additional 32,290 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in DigitalOcean were worth $1,294,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. CX Institutional raised its stake 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 purchasing an additional 921 shares in the last quarter. SVB Wealth LLC acquired a new stake in DigitalOcean during the first quarter valued at approximately $48,000. Farther Finance Advisors LLC raised its stake in DigitalOcean by 42.3% during the second quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company’s stock valued at $55,000 after buying an additional 572 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in DigitalOcean by 39.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock worth $74,000 after buying an additional 632 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of DigitalOcean by 35.8% in the 1st quarter. Covestor Ltd now owns 3,182 shares of the company’s stock worth $106,000 after acquiring an additional 838 shares in the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

DigitalOcean Price Performance

Shares of NYSE DOCN opened at $45.80 on Friday. The firm has a market capitalization of $4.19 billion, a PE ratio of 18.47, a P/E/G ratio of 5.68 and a beta of 1.78. DigitalOcean Holdings, Inc. has a 1-year low of $25.45 and a 1-year high of $52.20. The business’s fifty day moving average price is $39.61 and its two-hundred day moving average price is $33.17.

DigitalOcean (NYSE:DOCN) last released its quarterly 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 business had revenue of $229.63 million during the quarter, compared to analyst estimates of $226.55 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS. FY 2025 guidance at 2.000-2.050 EPS. Equities research analysts expect that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOCN. Cantor Fitzgerald set a $47.00 price target on DigitalOcean and gave the company a “neutral” rating in a research report on Thursday, November 6th. UBS Group boosted their target price on shares of DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Morgan Stanley increased their target price on shares of DigitalOcean from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $36.00 price target on shares of DigitalOcean in a research report on Tuesday, August 5th. Finally, Bank of America raised shares of DigitalOcean from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $34.00 to $60.00 in a research report on Thursday, November 6th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.75.

Insider Buying and Selling

In other DigitalOcean news, insider Bratin Saha sold 13,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $31.87, for a total value of $414,628.70. Following the sale, the insider owned 269,465 shares in the company, valued at approximately $8,587,849.55. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

DigitalOcean Company 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).