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

Campbell & CO Investment Adviser LLC bought a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,059 shares of the company’s stock, valued at approximately $1,116,000.

A number of other large investors have also recently made changes to their positions in DOCN. Teacher Retirement System of Texas bought a new position in shares of DigitalOcean in the first quarter worth about $315,000. Cerity Partners LLC bought a new position in DigitalOcean in the 1st quarter worth about $223,000. CWM LLC grew its stake in DigitalOcean by 4.7% in the 1st quarter. CWM LLC now owns 17,802 shares of the company’s stock worth $594,000 after acquiring an additional 799 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of DigitalOcean during the first quarter worth approximately $1,194,000. Finally, AMH Equity Ltd bought a new stake in shares of DigitalOcean during the first quarter valued at approximately $3,185,000. 49.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DigitalOcean

In other DigitalOcean news, insider Bratin Saha sold 13,010 shares of the stock in a transaction dated 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 sale, the insider directly owned 269,465 shares in the company, valued at approximately $8,587,849.55. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Stock Down 3.5%

Shares of DigitalOcean stock opened at $48.24 on Thursday. The company 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 firm’s 50 day moving average price is $39.09 and its 200-day moving average price is $32.98. DigitalOcean Holdings, Inc. has a 52-week low of $25.45 and a 52-week high of $52.20.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Wednesday, November 5th. The company reported $0.54 earnings per share 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 the consensus estimate of $226.55 million. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. DigitalOcean’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS. FY 2025 guidance at 2.000-2.050 EPS. As a group, equities research analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on DOCN shares. Morgan Stanley raised their price objective on DigitalOcean from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. 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. Oppenheimer initiated coverage on DigitalOcean in a report on Monday. They issued an “outperform” rating and a $60.00 price objective for the company. Bank of America upgraded shares of DigitalOcean from an “underperform” rating to a “buy” rating and increased their target price for the stock from $34.00 to $60.00 in a report on Thursday, November 6th. Finally, UBS Group raised their target price on shares of DigitalOcean from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

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).