MRA Advisory Group Grows Stock Position in DigitalOcean Holdings, Inc. $DOCN

MRA Advisory Group lifted its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 46.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,570 shares of the company’s stock after acquiring an additional 4,273 shares during the quarter. MRA Advisory Group’s holdings in DigitalOcean were worth $1,810,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Danske Bank A S bought a new stake in DigitalOcean during the second quarter valued at $1,488,000. Wealth High Governance Asset Management Ltda. bought a new position in shares of DigitalOcean in the 1st quarter worth about $8,986,000. Norris Financial Group LLC acquired a new position in shares of DigitalOcean in the 1st quarter valued at about $7,234,000. Ninepoint Partners LP bought a new stake in shares of DigitalOcean during the 2nd quarter valued at about $1,708,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of DigitalOcean during the 1st quarter valued at about $1,295,000. 49.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72. Following the sale, the chief accounting officer owned 65,487 shares of the company’s stock, valued at $8,668,514.19. The trade was a 6.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Warren J. Adelman sold 4,200 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of the sale, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,641 shares of company stock worth $2,589,317 over the last three months. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Stock Performance

Shares of DOCN traded down $0.86 during trading hours on Wednesday, reaching $130.15. 484,955 shares of the company’s stock traded hands, compared to its average volume of 3,548,447. DigitalOcean Holdings, Inc. has a twelve month low of $37.09 and a twelve month high of $187.50. The business’s fifty day simple moving average is $125.23 and its two-hundred day simple moving average is $128.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 59.37, a P/E/G ratio of 116.68 and a beta of 1.70.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. The firm had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. DigitalOcean’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Analysts predict that DigitalOcean Holdings, Inc. will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on DOCN shares. Citigroup raised their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Barclays upped their price target on shares of DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $160.00 in a research report on Tuesday, July 21st. Finally, Robert W. Baird started coverage on shares of DigitalOcean in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.81.

DigitalOcean Company Profile

DigitalOcean Holdings, Inc (NYSE:DOCN) provides cloud computing services designed primarily for developers, startups, and small and midsize businesses. Its platform offers on-demand infrastructure and software tools intended to simplify the development, deployment, and management of applications.

The company’s services include cloud compute through Droplets, managed Kubernetes, managed databases, object and block storage, networking, and the App Platform for deploying applications. DigitalOcean also provides developer tools, tutorials, support, and other resources intended to help customers build and scale digital products without managing traditional data-center infrastructure.

Founded in 2011 and headquartered in New York City, DigitalOcean serves customers internationally through cloud infrastructure and data-center regions located in North America, Europe, and Asia.