DigitalOcean Holdings, Inc. $DOCN is AMH Equity Ltd’s 4th Largest Position

AMH Equity Ltd decreased its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 58.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,000 shares of the company’s stock after selling 152,500 shares during the quarter. DigitalOcean comprises 4.7% of AMH Equity Ltd’s portfolio, making the stock its 4th biggest holding. AMH Equity Ltd owned about 0.12% of DigitalOcean worth $3,758,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in DigitalOcean during the 2nd quarter valued at about $22,633,000. Lazard Asset Management LLC raised its holdings in DigitalOcean by 34.5% in the 2nd quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock valued at $47,430,000 after acquiring an additional 426,264 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in DigitalOcean by 75.9% during the second quarter. Frontier Capital Management Co. LLC now owns 706,227 shares of the company’s stock worth $20,170,000 after purchasing an additional 304,805 shares during the period. Penserra Capital Management LLC purchased a new stake in DigitalOcean in the second quarter valued at $6,580,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in DigitalOcean by 7,047.4% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 198,841 shares of the company’s stock valued at $5,679,000 after buying an additional 196,059 shares during the last quarter. Institutional investors own 49.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DOCN. Wall Street Zen lowered shares of DigitalOcean from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. UBS Group boosted their price target on shares of DigitalOcean from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 29th. Cantor Fitzgerald set a $47.00 price target on DigitalOcean and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Oppenheimer began coverage on DigitalOcean in a report on Monday, November 10th. They issued an “outperform” rating and a $60.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.92.

DigitalOcean Stock Performance

DOCN stock opened at $52.79 on Friday. DigitalOcean Holdings, Inc. has a 1 year low of $25.45 and a 1 year high of $57.00. The stock’s 50 day moving average price is $48.22 and its 200 day moving average price is $39.20. The firm has a market cap of $4.83 billion, a P/E ratio of 21.29, a PEG ratio of 7.57 and a beta of 1.76.

DigitalOcean (NYSE:DOCN) last released its earnings results on Wednesday, November 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.31 by $0.23. The company had revenue of $229.63 million during the quarter, compared to analysts’ expectations of $226.55 million. DigitalOcean had a negative return on equity of 92.51% and a net margin of 29.15%.The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS and its FY 2025 guidance at 2.000-2.050 EPS. On average, research analysts predict that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current year.

DigitalOcean Company Profile

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.