Mitsubishi UFJ Asset Management Co. Ltd. Buys 3,958 Shares of DigitalOcean Holdings, Inc. $DOCN

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 8.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,535 shares of the company’s stock after acquiring an additional 3,958 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in DigitalOcean were worth $2,622,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DOCN. Allworth Financial LP lifted its holdings in shares of DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of DigitalOcean in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DigitalOcean in the 3rd quarter worth approximately $37,000. Advisory Services Network LLC bought a new stake in shares of DigitalOcean in the 3rd quarter worth approximately $54,000. Finally, GAMMA Investing LLC lifted its holdings in shares of DigitalOcean by 33.8% in the 4th quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Trading Down 0.9%

NYSE:DOCN opened at $162.48 on Tuesday. The company has a fifty day moving average of $87.81 and a 200 day moving average of $63.97. DigitalOcean Holdings, Inc. has a 52 week low of $25.56 and a 52 week high of $164.77. 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 firm has a market capitalization of $16.96 billion, a P/E ratio of 70.95 and a beta of 1.42.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company had revenue of $257.91 million during the quarter, compared to analyst estimates of $249.76 million. During the same period in the prior year, the business posted $0.56 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, research analysts predict that DigitalOcean Holdings, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citizens Jmp boosted their price objective on shares of DigitalOcean from $83.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, March 26th. UBS Group boosted their price objective on shares of DigitalOcean from $105.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup boosted their price objective on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Canaccord Genuity Group lifted their target price on shares of DigitalOcean from $120.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.08.

Insiders Place Their Bets

In related news, CFO Matt Steinfort sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $55.40, for a total transaction of $1,108,000.00. Following the completion of the sale, the chief financial officer directly owned 545,916 shares in the company, valued at $30,243,746.40. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Cherie Barrett sold 22,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $54.77, for a total transaction of $1,204,940.00. Following the transaction, the chief accounting officer directly owned 62,469 shares in the company, valued at approximately $3,421,427.13. The trade was a 26.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate 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.