DigitalOcean Holdings, Inc. (NYSE:DOCN) Shares Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. grew its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) by 7.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,545,642 shares of the company's stock after buying an additional 105,235 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.67% of DigitalOcean worth $52,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp grew its position in DigitalOcean by 3.6% in the third quarter. Stifel Financial Corp now owns 22,218 shares of the company's stock worth $897,000 after acquiring an additional 777 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of DigitalOcean in the 3rd quarter valued at approximately $423,000. Franklin Resources Inc. boosted its holdings in shares of DigitalOcean by 17.1% in the 3rd quarter. Franklin Resources Inc. now owns 39,078 shares of the company's stock worth $1,714,000 after purchasing an additional 5,718 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of DigitalOcean by 10.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,301,499 shares of the company's stock worth $52,568,000 after purchasing an additional 122,651 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of DigitalOcean by 4.5% during the 4th quarter. Nordea Investment Management AB now owns 267,244 shares of the company's stock valued at $9,196,000 after purchasing an additional 11,481 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Bratin Saha sold 3,461 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $26.86, for a total transaction of $92,962.46. Following the transaction, the insider now directly owns 394,367 shares of the company's stock, valued at $10,592,697.62. This represents a 0.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on DOCN. Barclays dropped their price objective on shares of DigitalOcean from $48.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Morgan Stanley dropped their price target on shares of DigitalOcean from $52.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup began coverage on shares of DigitalOcean in a report on Friday, January 24th. They set a "buy" rating and a $45.00 price target on the stock. UBS Group raised their price objective on shares of DigitalOcean from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, JMP Securities upped their target price on DigitalOcean from $47.00 to $55.00 and gave the company a "market outperform" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.27.

DigitalOcean Price Performance

DigitalOcean stock traded up $0.84 during trading hours on Friday, reaching $30.79. The stock had a trading volume of 837,240 shares, compared to its average volume of 1,303,729. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 3.12 and a beta of 1.87. The business's 50 day moving average price is $34.42 and its 200-day moving average price is $37.48. DigitalOcean Holdings, Inc. has a 52 week low of $25.45 and a 52 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).