Knights of Columbus Asset Advisors LLC Buys 6,027 Shares of DigitalOcean Holdings, Inc. $DOCN

Knights of Columbus Asset Advisors LLC lifted its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,817 shares of the company’s stock after purchasing an additional 6,027 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.07% of DigitalOcean worth $1,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOCN. GAMMA Investing LLC raised its stake in shares of DigitalOcean by 14,460.2% during the 1st quarter. GAMMA Investing LLC now owns 35,527 shares of the company’s stock valued at $1,186,000 after purchasing an additional 35,283 shares during the period. Wesbanco Bank Inc. bought a new stake in shares of DigitalOcean during the 1st quarter valued at $808,000. Farther Finance Advisors LLC grew its position in DigitalOcean by 135,100.0% during the first quarter. Farther Finance Advisors LLC now owns 1,352 shares of the company’s stock worth $46,000 after buying an additional 1,351 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its position in DigitalOcean by 202.9% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 38,603 shares of the company’s stock worth $1,289,000 after buying an additional 25,858 shares in the last quarter. Finally, BSW Wealth Partners grew its position in DigitalOcean by 4.8% during the first quarter. BSW Wealth Partners now owns 15,256 shares of the company’s stock worth $509,000 after buying an additional 700 shares in the last quarter. 49.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DigitalOcean

In other news, insider Bratin Saha sold 13,010 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $31.87, for a total value of $414,628.70. Following the completion of the sale, the insider owned 269,465 shares of the company’s stock, valued at approximately $8,587,849.55. The trade was a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.74% of the company’s stock.

DigitalOcean Trading Up 2.8%

DOCN opened at $38.40 on Tuesday. The stock has a 50-day moving average price of $33.25 and a 200-day moving average price of $30.82. DigitalOcean Holdings, Inc. has a 12-month low of $25.45 and a 12-month high of $47.02. The stock has a market capitalization of $3.50 billion, a P/E ratio of 29.54, a PEG ratio of 2.12 and a beta of 1.76.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.12. DigitalOcean had a negative return on equity of 73.19% and a net margin of 15.18%.The firm had revenue of $218.70 million during the quarter, compared to analysts’ expectations of $216.62 million. During the same period in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. DigitalOcean has set its FY 2025 guidance at 2.050-2.100 EPS. Q3 2025 guidance at 0.450-0.500 EPS. On average, equities research analysts predict that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen cut DigitalOcean from a “buy” rating to a “hold” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of DigitalOcean in a research report on Saturday, September 27th. Stifel Nicolaus set a $36.00 target price on DigitalOcean in a research report on Tuesday, August 5th. Morgan Stanley boosted their target price on DigitalOcean from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group boosted their target price on DigitalOcean from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DigitalOcean presently has a consensus rating of “Hold” and an average price target of $41.45.

DigitalOcean 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).