iSAM Funds UK Ltd Takes $600,000 Position in DigitalOcean Holdings, Inc. $DOCN

iSAM Funds UK Ltd purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, Holdings Channel reports. The fund purchased 21,025 shares of the company’s stock, valued at approximately $600,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CX Institutional boosted its stake in DigitalOcean by 780.5% during the 2nd quarter. CX Institutional now owns 1,039 shares of the company’s stock valued at $30,000 after purchasing an additional 921 shares during the last quarter. SVB Wealth LLC bought a new position in shares of DigitalOcean during the first quarter valued at $48,000. Farther Finance Advisors LLC boosted its position in shares of DigitalOcean by 42.3% during the second quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company’s stock valued at $55,000 after buying an additional 572 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of DigitalOcean by 39.6% during the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock valued at $74,000 after buying an additional 632 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in DigitalOcean by 188.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company’s stock worth $143,000 after buying an additional 3,265 shares in the last quarter. 49.77% of the stock is owned by institutional investors.

DigitalOcean Trading Up 1.9%

Shares of DOCN stock opened at $50.66 on Thursday. DigitalOcean Holdings, Inc. has a 12 month low of $25.45 and a 12 month high of $52.20. The stock has a market cap of $4.64 billion, a P/E ratio of 20.43, a P/E/G ratio of 6.25 and a beta of 1.77. The company has a 50 day simple moving average of $43.21 and a two-hundred day simple moving average of $35.13.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS and its FY 2025 guidance at 2.000-2.050 EPS. As a group, equities analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cantor Fitzgerald set a $47.00 target price on shares of DigitalOcean and gave the company a “neutral” rating in a research note on Thursday, November 6th. UBS Group boosted their price objective on shares of DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Canaccord Genuity Group raised their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Bank of America upgraded shares of DigitalOcean from an “underperform” rating to a “buy” rating and boosted their target price for the company from $34.00 to $60.00 in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded DigitalOcean from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

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).