MRA Advisory Group Raises Stake in DigitalOcean Holdings, Inc. $DOCN

MRA Advisory Group raised its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 46.0% in the third quarter, Holdings Channel.com reports. The fund owned 13,570 shares of the company’s stock after acquiring an additional 4,273 shares during the period. MRA Advisory Group’s holdings in DigitalOcean were worth $1,810,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of DigitalOcean by 14.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock worth $47,000 after purchasing an additional 71 shares during the period. Parallel Advisors LLC lifted its stake in shares of DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the period. Hilltop National Bank acquired a new stake in DigitalOcean during the second quarter worth about $38,000. Rakuten Securities Inc. bought a new position in DigitalOcean during the second quarter valued at about $43,000. Finally, Amundi increased its stake in DigitalOcean by 1.6% during the first quarter. Amundi now owns 23,285 shares of the company’s stock valued at $1,997,000 after acquiring an additional 370 shares during the period. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Price Performance

Shares of DOCN traded down $0.86 during mid-day trading on Wednesday, reaching $130.15. The company had a trading volume of 484,955 shares, 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 company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50-day moving average is $125.23 and its 200-day moving average is $128.08. The company has a market capitalization of $13.58 billion, a P/E ratio of 59.37, a P/E/G ratio of 116.68 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

DOCN has been the subject of a number of research reports. Truist Financial began coverage on DigitalOcean in a research report on Thursday, August 27th. They issued a “buy” rating and a $175.00 price objective for the company. William Blair restated an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. UBS Group reduced their target price on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Stifel Nicolaus raised shares of DigitalOcean from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $160.00 in a report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $152.81.

Insider Transactions at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 3,985 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $421,334.05. Following the transaction, the chief accounting officer directly owned 58,399 shares in the company, valued at $6,174,526.27. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Warren J. Adelman sold 4,200 shares of the firm’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 transaction of $520,842.00. Following the sale, the director directly owned 67,433 shares of the company’s stock, valued at approximately $8,362,366.33. The trade was a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 22,641 shares of company stock valued at $2,589,317. 0.96% of the stock is owned by insiders.

DigitalOcean 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.