Knights of Columbus Asset Advisors LLC Grows Stock Holdings in DigitalOcean Holdings, Inc. $DOCN

Knights of Columbus Asset Advisors LLC lifted its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 22.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 74,637 shares of the company’s stock after buying an additional 13,820 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in DigitalOcean were worth $2,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in DigitalOcean in the second quarter valued at about $22,633,000. Lazard Asset Management LLC grew its position in shares of DigitalOcean by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock worth $47,430,000 after buying an additional 426,264 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of DigitalOcean in the third quarter worth $12,122,000. Frontier Capital Management Co. LLC grew its position in shares of DigitalOcean by 75.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 706,227 shares of the company’s stock worth $20,170,000 after acquiring an additional 304,805 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new stake in DigitalOcean in the third quarter worth $8,551,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Price Performance

Shares of NYSE:DOCN opened at $55.27 on Friday. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 8.06 and a beta of 1.76. The business’s fifty day moving average price is $50.06 and its two-hundred day moving average price is $40.95. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $64.09.

DigitalOcean (NYSE:DOCN) last announced 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. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. The firm had revenue of $229.63 million for the quarter, compared to analysts’ expectations of $226.55 million. During the same period last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of DigitalOcean from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Barclays upped their target price on DigitalOcean from $49.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 29th. Bank of America boosted their price target on DigitalOcean from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, UBS Group boosted their target price on DigitalOcean from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.50.

About DigitalOcean

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.