Jackson Creek Investment Advisors LLC Takes $466,000 Position in DigitalOcean Holdings, Inc. $DOCN

Jackson Creek Investment Advisors LLC purchased a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,648 shares of the company’s stock, valued at approximately $466,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of DigitalOcean in the 2nd quarter worth approximately $22,633,000. Lazard Asset Management LLC lifted its holdings in DigitalOcean by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock worth $47,430,000 after acquiring an additional 426,264 shares during the period. Mizuho Markets Americas LLC purchased a new position in DigitalOcean in the third quarter worth $12,122,000. Frontier Capital Management Co. LLC grew its stake in DigitalOcean by 75.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 706,227 shares of the company’s stock valued at $20,170,000 after purchasing an additional 304,805 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of DigitalOcean by 554.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 302,504 shares of the company’s stock valued at $10,334,000 after purchasing an additional 256,316 shares during the last quarter. 49.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DOCN. Wall Street Zen lowered shares of DigitalOcean from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Canaccord Genuity Group increased their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 29th. Oppenheimer initiated coverage on DigitalOcean in a research report on Monday, November 10th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Cantor Fitzgerald set a $47.00 target price on DigitalOcean and gave the company a “neutral” rating in a research note on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.50.

DigitalOcean Trading Up 8.3%

DigitalOcean stock opened at $59.83 on Tuesday. The firm has a 50 day simple moving average of $50.36 and a 200 day simple moving average of $41.34. DigitalOcean Holdings, Inc. has a 1-year low of $25.45 and a 1-year high of $64.09. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 7.93 and a beta of 1.76.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.54 EPS 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 firm had revenue of $229.63 million during the quarter, compared to analyst estimates of $226.55 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts forecast that DigitalOcean Holdings, Inc. will post 1.01 EPS 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.