Russell Investments Group Ltd. Purchases 33,314 Shares of DigitalOcean Holdings, Inc. $DOCN

Russell Investments Group Ltd. boosted its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 11.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 318,393 shares of the company’s stock after buying an additional 33,314 shares during the period. Russell Investments Group Ltd. owned 0.35% of DigitalOcean worth $9,093,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DOCN shares. Canaccord Genuity Group upped their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Cantor Fitzgerald set a $47.00 price objective on shares of DigitalOcean and gave the company a “neutral” rating in a report on Thursday, November 6th. Barclays raised their price objective on DigitalOcean from $40.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Stifel Nicolaus set a $36.00 target price on DigitalOcean in a research report on Tuesday, August 5th. Finally, UBS Group raised their price target on DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, DigitalOcean currently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

DigitalOcean Price Performance

DigitalOcean stock opened at $44.64 on Wednesday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 5.58 and a beta of 1.77. The firm has a 50-day moving average of $41.65 and a two-hundred day moving average of $34.36. DigitalOcean Holdings, Inc. has a 1 year low of $25.45 and a 1 year high of $52.20.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.23. The firm had revenue of $229.63 million during 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%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS and its FY 2025 guidance at 2.000-2.050 EPS. Research analysts expect that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current year.

About DigitalOcean

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).