DigitalOcean Holdings, Inc. $DOCN Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,385 shares of the company’s stock after selling 2,462 shares during the quarter. Cetera Investment Advisers owned about 0.06% of DigitalOcean worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOCN. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of DigitalOcean by 9.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 15,272 shares of the company’s stock valued at $436,000 after buying an additional 1,299 shares during the last quarter. PNC Financial Services Group Inc. increased its position in DigitalOcean by 6.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,242 shares of the company’s stock valued at $293,000 after acquiring an additional 628 shares during the period. SBI Securities Co. Ltd. raised its stake in DigitalOcean by 188.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,001 shares of the company’s stock valued at $143,000 after acquiring an additional 3,265 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in DigitalOcean during the 2nd quarter worth approximately $1,116,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of DigitalOcean by 48.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 90,147 shares of the company’s stock valued at $2,575,000 after purchasing an additional 29,261 shares during the last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays upped their price target on DigitalOcean from $40.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalOcean in a research note on Wednesday, October 8th. Canaccord Genuity Group raised their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $36.00 target price on shares of DigitalOcean in a report on Tuesday, August 5th. Finally, Morgan Stanley increased their price target on shares of DigitalOcean from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.75.

Insiders Place Their Bets

In other news, insider Bratin Saha sold 13,010 shares of the firm’s 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 owned 269,465 shares in the company, valued at $8,587,849.55. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.74% of the company’s stock.

DigitalOcean Trading Down 0.5%

Shares of DOCN opened at $44.29 on Tuesday. DigitalOcean Holdings, Inc. has a twelve month low of $25.45 and a twelve month high of $52.20. The firm has a market capitalization of $4.05 billion, a P/E ratio of 17.86, a PEG ratio of 5.60 and a beta of 1.77. The firm’s 50-day moving average is $41.49 and its two-hundred day moving average is $34.26.

DigitalOcean (NYSE:DOCN) last released 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 business had revenue of $229.63 million for the quarter, compared to analysts’ expectations of $226.55 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The company’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. FY 2025 guidance at 2.000-2.050 EPS. Analysts predict that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current 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).