Universal Beteiligungs und Servicegesellschaft mbH Sells 7,600 Shares of DigitalOcean Holdings, Inc. $DOCN

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,324 shares of the company’s stock after selling 7,600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DigitalOcean were worth $1,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DOCN. CWM LLC increased its stake in shares of DigitalOcean by 2.6% in the second quarter. CWM LLC now owns 18,272 shares of the company’s stock valued at $522,000 after buying an additional 470 shares during the period. Farther Finance Advisors LLC boosted its position in DigitalOcean by 42.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company’s stock worth $55,000 after buying an additional 572 shares during the period. PNC Financial Services Group Inc. grew its holdings in DigitalOcean by 6.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,242 shares of the company’s stock worth $293,000 after acquiring an additional 628 shares during the last quarter. Advisors Asset Management Inc. increased its position in DigitalOcean by 39.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock valued at $74,000 after acquiring an additional 632 shares during the period. Finally, Covestor Ltd increased its position in DigitalOcean by 35.8% in the 1st quarter. Covestor Ltd now owns 3,182 shares of the company’s stock valued at $106,000 after acquiring an additional 838 shares during the period. 49.77% of the stock is owned by institutional investors and hedge funds.

DigitalOcean Stock Up 0.7%

DigitalOcean stock opened at $45.20 on Thursday. The company has a market capitalization of $4.14 billion, a PE ratio of 18.23, a PEG ratio of 5.64 and a beta of 1.78. DigitalOcean Holdings, Inc. has a 12-month low of $25.45 and a 12-month high of $52.20. The firm’s fifty day moving average is $41.04 and its 200 day moving average is $33.96.

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 business’s revenue was up 15.9% compared to the same quarter last year. During the same period 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. FY 2025 guidance at 2.000-2.050 EPS. Sell-side analysts expect that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bratin Saha sold 13,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $31.87, for a total transaction of $414,628.70. Following the transaction, the insider directly owned 269,465 shares of the company’s stock, valued at approximately $8,587,849.55. This represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DOCN shares. Canaccord Genuity Group boosted their price objective on shares of DigitalOcean from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen lowered DigitalOcean from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Morgan Stanley increased their price target on DigitalOcean from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $36.00 price objective on DigitalOcean in a research note on Tuesday, August 5th. Finally, UBS Group upped their target price 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

DigitalOcean 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).