Campbell & CO Investment Adviser LLC Makes New Investment in DigitalOcean Holdings, Inc. $DOCN

Campbell & CO Investment Adviser LLC acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, Holdings Channel reports. The institutional investor acquired 39,059 shares of the company’s stock, valued at approximately $1,116,000.

Several other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted 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 period. Northern Trust Corp raised its stake in shares of DigitalOcean by 0.4% in the first quarter. Northern Trust Corp now owns 728,567 shares of the company’s stock worth $24,327,000 after purchasing an additional 2,607 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of DigitalOcean by 10.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 644,894 shares of the company’s stock worth $21,533,000 after purchasing an additional 60,974 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in DigitalOcean by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock valued at $11,342,000 after buying an additional 16,162 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in DigitalOcean by 1.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 297,838 shares of the company’s stock worth $9,945,000 after buying an additional 3,562 shares during the period. 49.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DOCN. Morgan Stanley upped their price objective on shares of DigitalOcean from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalOcean in a report on Wednesday, October 8th. Barclays increased their price target on DigitalOcean from $40.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Canaccord Genuity Group boosted their price objective on DigitalOcean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, UBS Group raised 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. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.75.

Insider Activity

In other news, insider Bratin Saha sold 13,010 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $31.87, for a total transaction of $414,628.70. Following the completion of the sale, the insider owned 269,465 shares of the company’s stock, valued at $8,587,849.55. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by company insiders.

DigitalOcean Trading Down 3.5%

Shares of DOCN opened at $48.24 on Thursday. The firm has a market cap of $4.41 billion, a P/E ratio of 19.45, a PEG ratio of 6.29 and a beta of 1.78. The stock’s 50 day moving average is $39.09 and its two-hundred day moving average is $32.98. DigitalOcean Holdings, Inc. has a 12 month low of $25.45 and a 12 month high of $52.20.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings results 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. The firm had revenue of $229.63 million for the quarter, compared to analysts’ expectations of $226.55 million. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS. FY 2025 guidance at 2.000-2.050 EPS. Equities research analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current year.

DigitalOcean Company 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).