Jackson Creek Investment Advisors LLC Makes New $466,000 Investment in DigitalOcean Holdings, Inc. $DOCN

Jackson Creek Investment Advisors LLC purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,648 shares of the company’s stock, valued at approximately $466,000.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in DigitalOcean in the third quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted its position in shares of DigitalOcean by 42.3% in the 2nd 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. boosted its stake in shares of DigitalOcean by 18.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,630 shares of the company’s stock valued at $75,000 after purchasing an additional 401 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of DigitalOcean by 188.1% during the second quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company’s stock worth $143,000 after buying an additional 3,265 shares during the period. Finally, Pacer Advisors Inc. raised its stake in DigitalOcean by 205.1% during the third quarter. Pacer Advisors Inc. now owns 5,044 shares of the company’s stock worth $172,000 after buying an additional 3,391 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Trading Up 8.3%

DOCN opened at $59.83 on Tuesday. DigitalOcean Holdings, Inc. has a 1-year low of $25.45 and a 1-year high of $64.09. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 7.93 and a beta of 1.76. The company’s fifty day moving average price is $50.36 and its two-hundred day moving average price is $41.34.

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. The company had revenue of $229.63 million during the quarter, compared to the consensus estimate of $226.55 million. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a report on Monday, December 29th. Barclays boosted 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. Canaccord Genuity Group raised their price objective on shares of DigitalOcean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Bank of America raised their price target on shares of DigitalOcean from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, Cantor Fitzgerald set a $47.00 price objective on shares of DigitalOcean and gave the company a “neutral” rating in a report on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, DigitalOcean has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

DigitalOcean Company Profile

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.