UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $29.63 Million Stake in DigitalOcean Holdings, Inc. $DOCN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 42.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,714 shares of the company’s stock after purchasing an additional 56,527 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in DigitalOcean were worth $29,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC boosted its position in DigitalOcean by 59.2% in the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after buying an additional 14,655 shares during the last quarter. Amundi raised its position in shares of DigitalOcean by 126,552.2% during the second quarter. Amundi now owns 29,130 shares of the company’s stock worth $827,000 after acquiring an additional 29,107 shares during the last quarter. Jump Financial LLC bought a new stake in shares of DigitalOcean during the second quarter worth $3,212,000. Qube Research & Technologies Ltd lifted its stake in shares of DigitalOcean by 69.7% during the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after acquiring an additional 170,339 shares during the period. Finally, Caption Management LLC lifted its stake in shares of DigitalOcean by 148.4% during the second quarter. Caption Management LLC now owns 18,463 shares of the company’s stock valued at $527,000 after acquiring an additional 56,604 shares during the period. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Stock Up 4.4%

Shares of DigitalOcean stock opened at $109.50 on Friday. The business has a fifty day simple moving average of $125.06 and a 200 day simple moving average of $117.00. The stock has a market cap of $11.43 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 89.78 and a beta of 1.57. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. DigitalOcean Holdings, Inc. has a 12 month low of $30.89 and a 12 month high of $187.50.

DigitalOcean (NYSE:DOCN) last released 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 return on equity of 31.01% and a net margin of 23.26%.The firm had revenue of $281.18 million for the quarter, compared to analyst estimates of $279.03 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Research analysts predict that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Insider Activity at DigitalOcean

In related news, CAO Cherie Barrett sold 3,985 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $421,334.05. Following the completion of the transaction, the chief accounting officer owned 58,399 shares in the company, valued at approximately $6,174,526.27. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, Director Warren J. Adelman sold 4,200 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $124.01, for a total transaction of $520,842.00. Following the completion of the sale, the director directly owned 67,433 shares of the company’s stock, valued at $8,362,366.33. The trade was a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,641 shares of company stock worth $2,589,317 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on DOCN shares. Citigroup lifted their price objective on DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. William Blair restated an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Stifel Nicolaus raised shares of DigitalOcean from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $160.00 in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, DigitalOcean presently has a consensus rating of “Buy” and an average price target of $152.81.

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.