Weekly Research Analysts’ Ratings Changes for DigitalOcean (DOCN)

A number of firms have modified their ratings and price targets on shares of DigitalOcean (NYSE: DOCN) recently:

• 2/26/2025 – DigitalOcean had its price target raised by analysts at Bank of America Co. from $28.00 to $31.00. They now have an “underperform” rating on the stock.
• 2/26/2025 – DigitalOcean had its price target raised by analysts at UBS Group AG from $39.00 to $44.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – DigitalOcean had its price target raised by analysts at JPMorgan Chase & Co. from $40.00 to $45.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – DigitalOcean had its price target raised by analysts at Cantor Fitzgerald from $39.00 to $43.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – DigitalOcean had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/26/2025 – DigitalOcean had its price target raised by analysts at Canaccord Genuity Group Inc. from $48.00 to $50.00. They now have a “buy” rating on the stock.
• 1/27/2025 – DigitalOcean had its price target raised by analysts at JMP Securities from $47.00 to $55.00. They now have a “market outperform” rating on the stock.
• 1/24/2025 – DigitalOcean is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $45.00 price target on the stock.
• 1/17/2025 – DigitalOcean is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $39.00 price target on the stock.
• 1/16/2025 – DigitalOcean was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $41.00 price target on the stock, up previously from $40.00.
• 1/16/2025 – DigitalOcean was upgraded by analysts at Cantor Fitzgerald to a “hold” rating. They now have a $39.00 price target on the stock.

DigitalOcean Price Performance

DOCN stock opened at $40.35 on Tuesday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 47.47, a PEG ratio of 3.12 and a beta of 1.81. The business’s fifty day moving average price is $39.26 and its two-hundred day moving average price is $39.29. DigitalOcean Holdings, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $47.02.

Insiders Place Their Bets

In related news, insider Bratin Saha sold 3,468 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $38.18, for a total value of $132,408.24. Following the transaction, the insider now owns 379,795 shares in the company, valued at approximately $14,500,573.10. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matt Steinfort sold 12,498 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $40.00, for a total value of $499,920.00. Following the completion of the transaction, the chief financial officer now owns 517,498 shares in the company, valued at $20,699,920. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,255 shares of company stock worth $790,163 in the last 90 days. Company insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DOCN. Versor Investments LP acquired a new stake in DigitalOcean in the third quarter valued at about $751,000. FORA Capital LLC acquired a new stake in DigitalOcean in the third quarter valued at about $1,149,000. Victory Capital Management Inc. boosted its stake in DigitalOcean by 79.8% in the third quarter. Victory Capital Management Inc. now owns 31,169 shares of the company’s stock valued at $1,259,000 after buying an additional 13,837 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in DigitalOcean by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 134,214 shares of the company’s stock valued at $5,421,000 after buying an additional 16,000 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in DigitalOcean in the fourth quarter valued at about $5,382,000. Institutional investors own 49.77% of the company’s stock.

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).