DigitalOcean Holdings, Inc. $DOCN Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 76.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,081 shares of the company’s stock after acquiring an additional 16,009 shares during the period. New York State Teachers Retirement System’s holdings in DigitalOcean were worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DigitalOcean by 5.0% during the 1st 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 purchasing an additional 16,162 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of DigitalOcean by 59.2% during 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. CX Institutional boosted its stake in shares of DigitalOcean by 780.5% during the 2nd quarter. CX Institutional now owns 1,039 shares of the company’s stock valued at $30,000 after buying an additional 921 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of DigitalOcean by 42.3% during the second quarter. Farther Finance Advisors LLC now owns 1,924 shares of the company’s stock worth $55,000 after buying an additional 572 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of DigitalOcean by 5.9% in the second quarter. State of Alaska Department of Revenue now owns 37,368 shares of the company’s stock worth $1,067,000 after buying an additional 2,086 shares during the last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.

DigitalOcean Stock Down 0.2%

DOCN stock opened at $52.79 on Tuesday. The stock has a market cap of $4.83 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 7.57 and a beta of 1.76. The firm’s 50-day simple moving average is $48.24 and its 200 day simple moving average is $39.44. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $57.00.

DigitalOcean (NYSE:DOCN) last posted its 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. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. The firm had revenue of $229.63 million during the quarter, compared to analyst estimates of $226.55 million. During the same period in the previous year, the business posted $0.52 EPS. DigitalOcean’s revenue was up 15.9% on a year-over-year basis. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS and its FY 2025 guidance at 2.000-2.050 EPS. Equities analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on DOCN. Weiss Ratings reissued a “hold (c+)” rating on shares of DigitalOcean in a report on Monday, December 29th. Wall Street Zen cut shares of DigitalOcean from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. 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. UBS Group upped their price objective on DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Piper Sandler increased their target price on DigitalOcean from $47.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, DigitalOcean has a consensus rating of “Moderate Buy” and a consensus price target of $49.92.

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.