XTX Topco Ltd Purchases New Position in DigitalOcean Holdings, Inc. $DOCN

XTX Topco Ltd acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,499 shares of the company’s stock, valued at approximately $700,000.

A number of other hedge funds have also recently added to or reduced their stakes in DOCN. Penserra Capital Management LLC bought a new stake in shares of DigitalOcean during the second quarter worth $6,580,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of DigitalOcean by 25.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 215,483 shares of the company’s stock valued at $6,038,000 after acquiring an additional 43,732 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in DigitalOcean by 28.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,987,177 shares of the company’s stock worth $66,352,000 after acquiring an additional 441,535 shares during the last quarter. Nuveen LLC bought a new stake in DigitalOcean during the 1st quarter worth $5,737,000. Finally, Trexquant Investment LP acquired a new position in DigitalOcean in the 1st quarter worth about $1,041,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DOCN. Cantor Fitzgerald set a $47.00 price target on DigitalOcean and gave the company a “neutral” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $36.00 target price on shares of DigitalOcean in a research report on Tuesday, August 5th. Barclays boosted their target price on shares of DigitalOcean from $40.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. UBS Group raised their price target on shares of DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen cut shares of DigitalOcean from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.75.

DigitalOcean Stock Up 0.6%

Shares of NYSE DOCN opened at $44.64 on Wednesday. The company has a market capitalization of $4.08 billion, a PE ratio of 18.00, a P/E/G ratio of 5.58 and a beta of 1.77. DigitalOcean Holdings, Inc. has a twelve month low of $25.45 and a twelve month high of $52.20. The firm has a fifty day simple moving average of $41.65 and a 200 day simple moving average of $34.36.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.23. DigitalOcean had a negative return on equity of 92.51% and a net margin of 29.15%.The firm had revenue of $229.63 million during the quarter, compared to the consensus estimate of $226.55 million. During the same period last year, the business posted $0.52 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. 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 expect that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current fiscal 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).