Mizuho Markets Americas LLC Invests $12.12 Million in DigitalOcean Holdings, Inc. $DOCN

Mizuho Markets Americas LLC acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 354,850 shares of the company’s stock, valued at approximately $12,122,000. Mizuho Markets Americas LLC owned approximately 0.39% of DigitalOcean at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of DigitalOcean in the second quarter valued at $6,580,000. Allspring Global Investments Holdings LLC grew its holdings in DigitalOcean by 25.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 215,483 shares of the company’s stock valued at $6,038,000 after buying an additional 43,732 shares in the last quarter. Jennison Associates LLC acquired a new position in DigitalOcean in the 2nd quarter valued at $455,000. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of DigitalOcean by 18.7% during the second quarter. Cherry Creek Investment Advisors Inc. now owns 45,831 shares of the company’s stock worth $1,309,000 after buying an additional 7,228 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of DigitalOcean by 248.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,302 shares of the company’s stock worth $1,294,000 after buying an additional 32,290 shares in the last quarter. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Stock Performance

Shares of DigitalOcean stock opened at $52.79 on Monday. DigitalOcean Holdings, Inc. has a 52-week low of $25.45 and a 52-week high of $57.00. The stock has a market capitalization of $4.83 billion, a P/E ratio of 21.29, a P/E/G ratio of 7.57 and a beta of 1.76. The stock’s 50-day simple moving average is $48.22 and its 200 day simple moving average is $39.27.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.23. The business had revenue of $229.63 million during the quarter, compared to analyst estimates of $226.55 million. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. 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 forecast that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Cantor Fitzgerald set a $47.00 price objective on shares of DigitalOcean and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Canaccord Genuity Group raised their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Barclays lifted their price target on DigitalOcean from $49.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Oppenheimer assumed coverage on DigitalOcean in a research note on Monday, November 10th. They issued an “outperform” rating and a $60.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DigitalOcean presently has an average rating of “Moderate Buy” and a consensus price target of $49.92.

About DigitalOcean

DigitalOcean Holdings, Inc is a cloud infrastructure provider that focuses on simplicity, performance and developer experience. The company offers a range of cloud services designed to help software developers, startups and small- to medium-sized businesses deploy, manage and scale applications. Its flagship offering, Droplets, provides virtual private servers that can be configured with various CPU, memory and storage options. In addition to compute instances, DigitalOcean’s platform includes managed Kubernetes, scalable object and block storage, managed databases, load balancers and networking capabilities such as Virtual Private Cloud (VPC) and Floating IPs.

Founded in 2011 and headquartered in New York City, DigitalOcean was created with the goal of making cloud computing more accessible to individual developers and smaller teams.