Dana Investment Advisors Inc. Buys Shares of 38,885 DigitalOcean Holdings, Inc. $DOCN

Dana Investment Advisors Inc. purchased a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 38,885 shares of the company’s stock, valued at approximately $1,871,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new stake in shares of DigitalOcean during the fourth quarter worth about $582,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of DigitalOcean by 10.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,656 shares of the company’s stock worth $753,000 after purchasing an additional 1,441 shares during the last quarter. Allworth Financial LP grew its holdings in shares of DigitalOcean by 309.3% during the fourth quarter. Allworth Financial LP now owns 2,963 shares of the company’s stock worth $143,000 after purchasing an additional 2,239 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of DigitalOcean by 2.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,729 shares of the company’s stock worth $757,000 after purchasing an additional 398 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of DigitalOcean by 13.2% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 17,100 shares of the company’s stock worth $823,000 after purchasing an additional 2,000 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Matt Steinfort sold 20,000 shares of DigitalOcean stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $55.40, for a total value of $1,108,000.00. Following the transaction, the chief financial officer directly owned 545,916 shares of the company’s stock, valued at $30,243,746.40. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cherie Barrett sold 22,000 shares of DigitalOcean stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $54.77, for a total value of $1,204,940.00. Following the completion of the transaction, the chief accounting officer directly owned 62,469 shares in the company, valued at approximately $3,421,427.13. This represents a 26.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is owned by insiders.

DigitalOcean Price Performance

DigitalOcean stock opened at $154.98 on Monday. The stock’s 50 day moving average is $95.94 and its 200 day moving average is $67.28. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $16.17 billion, a P/E ratio of 67.67 and a beta of 1.42. DigitalOcean Holdings, Inc. has a one year low of $25.56 and a one year high of $164.77.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The company had revenue of $257.91 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, research analysts expect that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on DOCN shares. Weiss Ratings restated a “hold (c+)” rating on shares of DigitalOcean in a report on Friday, March 27th. Oppenheimer set a $190.00 price target on DigitalOcean in a report on Wednesday, May 6th. Citizens Jmp boosted their price target on DigitalOcean from $83.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, March 26th. Stifel Nicolaus set a $57.00 price target on DigitalOcean in a report on Tuesday, February 24th. Finally, Bank of America boosted their price target on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $142.23.

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.