Integrated Quantitative Investments LLC Takes Position in DigitalOcean Holdings, Inc. $DOCN

Integrated Quantitative Investments LLC acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,163 shares of the company’s stock, valued at approximately $604,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CX Institutional grew its position in shares of DigitalOcean by 780.5% in the 2nd quarter. CX Institutional now owns 1,039 shares of the company’s stock valued at $30,000 after buying an additional 921 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of DigitalOcean in the first quarter worth approximately $48,000. Farther Finance Advisors LLC boosted its holdings in DigitalOcean by 42.3% in the second quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company’s stock valued at $55,000 after acquiring an additional 572 shares during the last quarter. Advisors Asset Management Inc. increased its position in DigitalOcean by 39.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock valued at $74,000 after purchasing an additional 632 shares during the period. Finally, Covestor Ltd raised its holdings in DigitalOcean by 35.8% during the 1st quarter. Covestor Ltd now owns 3,182 shares of the company’s stock worth $106,000 after purchasing an additional 838 shares during the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other DigitalOcean news, insider Bratin Saha sold 13,010 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $31.87, for a total transaction of $414,628.70. Following the completion of the sale, the insider directly owned 269,465 shares in the company, valued at $8,587,849.55. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on DOCN shares. UBS Group upped their price target 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. Morgan Stanley raised their price objective on shares of DigitalOcean from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalOcean in a research note on Wednesday, October 8th. Wall Street Zen lowered DigitalOcean from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Bank of America upgraded shares of DigitalOcean from an “underperform” rating to a “buy” rating and raised their price target for the stock from $34.00 to $60.00 in a research note on Thursday, November 6th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

DigitalOcean Stock Performance

DigitalOcean stock opened at $45.80 on Monday. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $52.20. The stock has a market cap of $4.19 billion, a P/E ratio of 18.47, a PEG ratio of 5.76 and a beta of 1.78. The firm’s fifty day moving average price is $39.61 and its 200-day moving average price is $33.20.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Wednesday, November 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.23. The business had revenue of $229.63 million for the quarter, compared to the consensus estimate of $226.55 million. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. DigitalOcean’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS. FY 2025 guidance at 2.000-2.050 EPS. Sell-side analysts predict that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current 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).