Schroder Investment Management Group Takes $1.55 Million Position in DigitalOcean Holdings, Inc. $DOCN

Schroder Investment Management Group purchased a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 54,359 shares of the company’s stock, valued at approximately $1,552,000. Schroder Investment Management Group owned about 0.06% of DigitalOcean at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC purchased a new position in DigitalOcean in the first quarter valued at about $367,000. US Bancorp DE lifted its holdings in shares of DigitalOcean by 7.3% during the 1st quarter. US Bancorp DE now owns 16,095 shares of the company’s stock valued at $537,000 after buying an additional 1,100 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of DigitalOcean by 10.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 644,894 shares of the company’s stock valued at $21,533,000 after buying an additional 60,974 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in DigitalOcean in the first quarter worth approximately $2,033,000. Finally, Covestor Ltd raised its position in DigitalOcean by 35.8% during the first quarter. Covestor Ltd now owns 3,182 shares of the company’s stock valued at $106,000 after acquiring an additional 838 shares in the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DOCN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 1st. Canaccord Genuity Group raised their price target on shares of DigitalOcean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Bank of America upgraded shares of DigitalOcean from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $60.00 in a report on Thursday, November 6th. Cantor Fitzgerald set a $47.00 target price on shares of DigitalOcean and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Barclays raised their target price on DigitalOcean from $40.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, DigitalOcean currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

DigitalOcean Trading Up 4.4%

NYSE:DOCN opened at $48.31 on Friday. The firm has a market capitalization of $4.42 billion, a PE ratio of 19.48, a PEG ratio of 6.07 and a beta of 1.77. DigitalOcean Holdings, Inc. has a 1 year low of $25.45 and a 1 year high of $52.20. The firm’s fifty day simple moving average is $42.32 and its 200 day simple moving average is $34.68.

DigitalOcean (NYSE:DOCN) last released its earnings results on Wednesday, November 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.23. The firm 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 business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. 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, analysts anticipate that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current fiscal year.

DigitalOcean Company 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).