DigitalOcean Holdings, Inc. (NYSE:DOCN) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,453 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in DigitalOcean were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DOCN. US Bancorp DE lifted its holdings in shares of DigitalOcean by 16.2% during the third quarter. US Bancorp DE now owns 14,995 shares of the company’s stock worth $606,000 after purchasing an additional 2,087 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of DigitalOcean in the third quarter valued at about $30,000. Amalgamated Bank increased its stake in shares of DigitalOcean by 13.5% during the third quarter. Amalgamated Bank now owns 18,552 shares of the company’s stock worth $749,000 after acquiring an additional 2,205 shares during the period. Principal Financial Group Inc. lifted its position in DigitalOcean by 10.4% in the third quarter. Principal Financial Group Inc. now owns 1,301,499 shares of the company’s stock valued at $52,568,000 after purchasing an additional 122,651 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in DigitalOcean by 6.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,656 shares of the company’s stock valued at $1,117,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Insider Transactions at DigitalOcean

In other DigitalOcean news, insider Bratin Saha sold 4,289 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $36.80, for a total transaction of $157,835.20. Following the transaction, the insider now owns 372,762 shares of the company’s stock, valued at $13,717,641.60. This represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

DOCN has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price target on DigitalOcean from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of DigitalOcean in a report on Wednesday, February 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DigitalOcean in a research note on Saturday, March 1st. UBS Group increased their price target on shares of DigitalOcean from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, JMP Securities boosted their price objective on shares of DigitalOcean from $47.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.27.

DigitalOcean Stock Down 7.3 %

NYSE DOCN opened at $36.97 on Tuesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 3.12 and a beta of 1.80. The business has a fifty day moving average of $39.71 and a 200-day moving average of $39.38. DigitalOcean Holdings, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $47.02.

DigitalOcean Company Profile

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).