Farther Finance Advisors LLC Has $55,000 Stock Holdings in DigitalOcean Holdings, Inc. $DOCN

Farther Finance Advisors LLC lifted its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 42.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,924 shares of the company’s stock after acquiring an additional 572 shares during the quarter. Farther Finance Advisors LLC’s holdings in DigitalOcean were worth $55,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake in DigitalOcean by 39.6% in the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock valued at $74,000 after purchasing an additional 632 shares in the last quarter. BSW Wealth Partners boosted its holdings in shares of DigitalOcean by 4.8% in the 1st quarter. BSW Wealth Partners now owns 15,256 shares of the company’s stock valued at $509,000 after buying an additional 700 shares during the last quarter. CWM LLC grew its stake in shares of DigitalOcean by 4.7% in the first quarter. CWM LLC now owns 17,802 shares of the company’s stock valued at $594,000 after buying an additional 799 shares in the last quarter. GAMMA Investing LLC increased its holdings in DigitalOcean by 336.1% during the first quarter. GAMMA Investing LLC now owns 1,064 shares of the company’s stock worth $36,000 after buying an additional 820 shares during the last quarter. Finally, Covestor Ltd raised its position in DigitalOcean by 35.8% during the first quarter. Covestor Ltd now owns 3,182 shares of the company’s stock worth $106,000 after acquiring an additional 838 shares in the last quarter. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Stock Performance

NYSE:DOCN opened at $38.40 on Tuesday. DigitalOcean Holdings, Inc. has a 52 week low of $25.45 and a 52 week high of $47.02. The firm’s 50-day simple moving average is $33.25 and its 200 day simple moving average is $30.82. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.12 and a beta of 1.76.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.12. DigitalOcean had a net margin of 15.18% and a negative return on equity of 73.19%. The firm had revenue of $218.70 million during the quarter, compared to the consensus estimate of $216.62 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. DigitalOcean has set its FY 2025 guidance at 2.050-2.100 EPS. Q3 2025 guidance at 0.450-0.500 EPS. Sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other DigitalOcean news, insider Bratin Saha sold 13,010 shares of DigitalOcean stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $31.87, for a total value of $414,628.70. Following the completion of the transaction, the insider directly owned 269,465 shares of the company’s stock, valued at $8,587,849.55. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $36.00 price objective on shares of DigitalOcean in a research report on Tuesday, August 5th. Morgan Stanley lifted their price target on DigitalOcean from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of DigitalOcean in a research note on Saturday, September 27th. Wall Street Zen downgraded DigitalOcean from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Canaccord Genuity Group increased their price target on DigitalOcean from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, DigitalOcean has a consensus rating of “Hold” and an average target price of $41.45.

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).