Nano Cap New Millennium Growth Fund L P Acquires Shares of 48,000 DigitalOcean Holdings, Inc. $DOCN

Nano Cap New Millennium Growth Fund L P acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 48,000 shares of the company’s stock, valued at approximately $2,310,000. DigitalOcean makes up about 2.0% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in DigitalOcean by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock valued at $11,342,000 after acquiring an additional 16,162 shares in the last quarter. Intech Investment Management LLC raised its holdings in DigitalOcean by 59.2% in the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after acquiring an additional 14,655 shares in the last quarter. Amundi raised its holdings in DigitalOcean by 126,552.2% in the 2nd quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after acquiring an additional 29,107 shares in the last quarter. Jump Financial LLC acquired a new position in DigitalOcean in the 2nd quarter valued at $3,212,000. Finally, Qube Research & Technologies Ltd raised its holdings in DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after acquiring an additional 170,339 shares in the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their price objective on DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their price objective on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada set a $60.00 price target on DigitalOcean in a report on Tuesday, February 24th. Citigroup boosted their price target on DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group boosted their price target on DigitalOcean to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.23.

DigitalOcean Price Performance

Shares of DOCN opened at $158.05 on Friday. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $165.99. The business has a 50-day simple moving average of $103.69 and a two-hundred day simple moving average of $70.50. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The stock has a market cap of $16.49 billion, a PE ratio of 69.02 and a beta of 1.42.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.17. The company had revenue of $257.91 million during the quarter, compared to analysts’ expectations of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Analysts anticipate that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the sale, the chief financial officer owned 573,272 shares of the company’s stock, valued at approximately $87,423,980. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Cherie Barrett sold 22,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $54.77, for a total value of $1,204,940.00. Following the completion of the sale, the chief accounting officer directly owned 62,469 shares of the company’s stock, valued at approximately $3,421,427.13. The trade was a 26.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,338 shares of company stock valued at $6,803,816. Company insiders own 0.96% of the company’s stock.

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.