Vontobel Holding Ltd. Makes New Investment in DigitalOcean Holdings, Inc. $DOCN

Vontobel Holding Ltd. purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,601 shares of the company’s stock, valued at approximately $635,000.

A number of other hedge funds also recently modified their holdings of DOCN. Northern Trust Corp increased its holdings in DigitalOcean by 0.4% in the first quarter. Northern Trust Corp now owns 728,567 shares of the company’s stock valued at $24,327,000 after purchasing an additional 2,607 shares during the period. Comerica Bank grew its position in shares of DigitalOcean by 77.3% in the 1st quarter. Comerica Bank now owns 116,461 shares of the company’s stock valued at $3,889,000 after buying an additional 50,762 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of DigitalOcean in the 1st quarter valued at about $1,041,000. Graham Capital Management L.P. increased its stake in shares of DigitalOcean by 284.0% in the first quarter. Graham Capital Management L.P. now owns 39,294 shares of the company’s stock valued at $1,312,000 after buying an additional 29,061 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of DigitalOcean by 39.6% during the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock worth $74,000 after acquiring an additional 632 shares during the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Stock Performance

Shares of NYSE:DOCN opened at $49.56 on Monday. The company has a market capitalization of $4.53 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 6.22 and a beta of 1.77. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $52.20. The company’s 50-day moving average is $45.12 and its 200 day moving average is $36.77.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.23. DigitalOcean had a negative return on equity of 92.51% and a net margin of 29.15%.The business had revenue of $229.63 million for the quarter, compared to analysts’ expectations of $226.55 million. During the same period in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. 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, research analysts predict that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Bank of America upgraded shares of DigitalOcean from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $60.00 in a research report on Thursday, November 6th. Canaccord Genuity Group boosted their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a report on Monday, December 22nd. Finally, Wall Street Zen raised DigitalOcean from a “hold” rating to a “buy” rating in a research report on Saturday. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.75.

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.