Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Holdings in DigitalOcean Holdings, Inc. $DOCN

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,524 shares of the company’s stock, valued at approximately $3,066,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOCN. State of New Jersey Common Pension Fund D purchased a new stake in DigitalOcean during the 4th quarter worth approximately $2,358,000. New York State Teachers Retirement System grew its position in DigitalOcean by 33.0% during the 4th quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock worth $2,373,000 after purchasing an additional 12,229 shares during the period. Legato Capital Management LLC purchased a new position in DigitalOcean during the fourth quarter valued at approximately $1,365,000. Summit Creek Advisors LLC purchased a new position in shares of DigitalOcean during the 4th quarter valued at approximately $7,126,000. Finally, Wealth High Governance Asset Management Ltda. acquired a new position in shares of DigitalOcean in the first quarter worth about $8,986,000. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOCN has been the topic of a number of recent analyst reports. UBS Group decreased their target price on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 target price on shares of DigitalOcean in a research note on Friday, July 10th. The Goldman Sachs Group boosted their price target on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley increased their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $151.33.

DigitalOcean Trading Up 0.7%

DOCN opened at $115.12 on Friday. DigitalOcean Holdings, Inc. has a 12 month low of $30.05 and a 12 month high of $187.50. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 52.57, a PEG ratio of 97.89 and a beta of 1.61. 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 business has a fifty day moving average price of $134.86 and a 200 day moving average price of $113.48.

DigitalOcean (NYSE:DOCN) last issued its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The firm had revenue of $281.18 million for the quarter, compared to analysts’ expectations of $279.03 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Sell-side analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Cherie Barrett sold 4,456 shares of DigitalOcean stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the transaction, the chief accounting officer directly owned 65,487 shares of the company’s stock, valued at $8,668,514.19. The trade was a 6.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the completion of the transaction, the chief financial officer owned 538,414 shares in the company, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 18,656 shares of company stock worth $2,811,383 in the last ninety days. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Profile

DigitalOcean Holdings, Inc is a cloud infrastructure provider that focuses on simplicity, performance and developer experience. The company offers a range of cloud services designed to help software developers, startups and small- to medium-sized businesses deploy, manage and scale applications. Its flagship offering, Droplets, provides virtual private servers that can be configured with various CPU, memory and storage options. In addition to compute instances, DigitalOcean’s platform includes managed Kubernetes, scalable object and block storage, managed databases, load balancers and networking capabilities such as Virtual Private Cloud (VPC) and Floating IPs.

Founded in 2011 and headquartered in New York City, DigitalOcean was created with the goal of making cloud computing more accessible to individual developers and smaller teams.