4 hours Ago By ABMN Staff
Summit Investment Advisors Inc. grew its position in DigitalOcean Holdings, Inc. ( NYSE:DOCN – Free Report ) by 6.
8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,866 shares of the company’s stock after purchasing an additional 436 shares during the period.
Summit Investment Advisors Inc.’s holdings in DigitalOcean were worth $234,000 at the end of the most recent quarter. Several other institutional investors have also made changes to their positions in DOCN.
Norges Bank purchased a new position in DigitalOcean during the 4th quarter worth approximately $14,772,000. CenterBook Partners LP purchased a new stake in DigitalOcean in the 4th quarter worth about $7,633,000. C2P Capital Advisory Group LLC d.
b.a. Prosperity Capital Advisors acquired a new stake in DigitalOcean during the 4th quarter worth about $5,382,000.
Bank of New York Mellon Corp increased its holdings in shares of DigitalOcean by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 791,861 shares of the company’s stock valued at $26,979,000 after purchasing an additional 130,263 shares during the period.
Finally, Sei Investments Co. increased its holdings in shares of DigitalOcean by 274.5% in the 4th quarter.
Sei Investments Co. now owns 176,813 shares of the company’s stock valued at $6,024,000 after purchasing an additional 129,595 shares during the period. 49.
77% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at DigitalOcean In other DigitalOcean news, insider Bratin Saha sold 3,948 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $36.
63, for a total transaction of $144,615.24. Following the completion of the sale, the insider now directly owns 358,696 shares in the company, valued at $13,139,034.
48. This represents a 1.09 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Corporate insiders own 0.74% of the company’s stock.
DigitalOcean Stock Performance Analyst Ratings Changes A number of research analysts recently commented on DOCN shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DigitalOcean in a research report on Saturday, March 1st. Cantor Fitzgerald boosted their price target on shares of DigitalOcean from $39.
00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup started coverage on DigitalOcean in a report on Friday, January 24th.
They set a “buy” rating and a $45.00 price objective for the company. JPMorgan Chase & Co.
boosted their target price on DigitalOcean from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th.
Finally, JMP Securities raised their price target on DigitalOcean from $47.00 to $55.00 and gave the stock 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.
27. Get Our Latest Stock Analysis on DOCN DigitalOcean Profile ( Free Report ) 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). Featured Stories Want to see what other hedge funds are holding DOCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalOcean Holdings, Inc.
( NYSE:DOCN – Free Report ). Receive News & Ratings for DigitalOcean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalOcean and related companies with MarketBeat.com's FREE daily email newsletter .
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