Quantbot Technologies LP sells 8,433 DigitalOcean Holdings, Inc. shares (NASDAQ:DOCN)
Quantbot Technologies LP lessened its stake in shares of DigitalOcean Holdings, INC (NASDAQ:DOCN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
After selling 8,433 shares of the company’s stock during that period, the institutional investor acquired 2,952 shares and became the owner of those shares.
At the end of the most recent financial quarter, Quantbot Technologies LP’s investment in DigitalOcean was worth $106,000.
This was the most recent valuation of the investment.
Recently, several prominent investors have modified the stakes they currently hold in the company due to recent transactions.
During the second quarter, Prospera Financial Services INC saw a 136.6% increase in the proportion of DigitalOcean shares it owns.
In the most recent quarter, Prospera Financial Services INC purchased an additional 358 shares of the company’s stock, bringing the total number of shares owned by the company to 620, each with a current market value of $26,000. has.
During the second quarter, Truvestments Capital LLC grew its holdings in DigitalOcean by buying additional shares worth approximately $36,000.
This enabled the company to increase its stake in the company.
During the first three months of 2018, Advisors Asset Management INC made a new investment of $42,000 in DigitalOcean, which led to the opening of a new position.
The value of Nisa Investment Advisors LLC’s holdings in DigitalOcean increased by 342.9% during the second quarter compared to the previous quarter. Nisa Investment Advisors LLC now owns a total of 1,550 shares of the company’s stock valued at $64,000 after purchasing an additional 1,200 shares in the last quarter.
These shares were purchased during the most recent quarter.
Last, but certainly not least, Macquarie Group Ltd boosted its holdings in shares of DigitalOcean by 48.1% during the second quarter.
This should not be considered a small achievement.
Macquarie Group Ltd now owns 1,747 shares of the company’s stock valued at $72,000 after the company purchased an additional 567 shares during the most recent quarter.
The ownership of the shares, which constitute 52.00% of the total, is held by institutions.
Carly D.
DigitalOcean Chief Marketing Officer Brantz used Nov. 16 to exercise her option to sell 1,773 shares of the company’s stock.
This information is relevant to recent events regarding DigitalOcean.
The shares were acquired for a total cost of $56,026.70, which works out on an average basis to a price of $31.60 per share.
The completion of the transaction resulted in the chief marketing officer acquiring ownership of 85,916 shares in the company, valued at $2,714,945.60 as of the 16th of this month.
The shares were acquired for a total cost of $56,026.70, which works out on an average basis to a price of $31.60 per share.
The completion of the transaction resulted in the chief marketing officer acquiring ownership of 85,916 shares.
The current market value of these shares is $2,714,945.60. On the Securities and Exchange Commission website, there is a document that can be viewed that provides an in-depth summary of the transaction in its entirety (SEC). Carly D.
DigitalOcean Chief Marketing Officer Brantz used Nov. 16 to exercise her option to sell 1,773 shares of the company’s stock.
This information is relevant to recent events regarding DigitalOcean.
The shares were acquired for a total cost of $56,026.70, which works out on an average basis to a price of $31.60 per share. Following the completion of the transaction, the chief marketing officer acquired ownership of 85,916 shares in the company, valued at $2,714,945.60.
On the Securities and Exchange Commission website, there is a document that can be viewed that provides an in-depth summary of the transaction in its entirety (SEC). Additionally, company insider Harold Matthew Norman sold 17,500 of his shares of the company’s stock on December 1st.
The total value of the transaction was $512,400, which was determined by the fact that the buyers paid an average price of $29.28 for each share during the sale. Following the closing of the transaction, the insider now owns 155,054 shares of the company.
Based on the current stock price, these shares are worth approximately $4,539,981.12.
This is where you can see the disclosure related to the sale. Currently, company insiders hold shares equivalent to 4.10 percent of the total shares issued by the company.
On the DOCN shares spread in the most recent evaluations, several research experts have recently published their opinions.
Barclays downgraded DigitalOcean from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $32.00 in a research note published on January 10th.
Both of these changes have been made. Goldman Sachs Group reduced their price target on DigitalOcean in a research report released on Tuesday, November 8th.
The report was about the company’s cloud computing services.
The previous price target for DigitalOcean was $34.00; the new price target for the company is $29.00, which represents a decrease from the previous price target.
According to the study, the company should be “sold”. Credit Suisse Group began providing coverage for DigitalOcean on November 21, the first trading day after that date.
The market researchers gave the company a rating of “neutral”. They expect the share price to reach $31.00 soon.
In a report released on November 8th, Oppenheimer downgraded DigitalOcean from an “outperform” rating they previously assigned to a “market perform” rating and cut their price target for the company from $65.00 to $40.00.
Bank of America reduced their “buy” rating and price objective on DigitalOcean from $60.00 to $50.00 in a research report released on November 8th.
This change was made over the company’s previous position on DigitalOcean. Six market analysts have recommended buying the company’s stock, three have recommended that investors hold their current holdings, and two have recommended that investors liquidate their holdings.
According to the information made available by Bloomberg, the current consensus on the company is to “hold” the stock, and the price target set by the consensus is $39.46.
DOCN stock went up for sale at $30.05 on Thursday, and trading began that day.
DigitalOcean Holdings, INC has a 52-week low of $23.38 and a 52-week high of $66.28.
The debt to equity ratio is calculated at 48.59, the quick ratio is calculated as 9.19, and the current ratio is also calculated as 9.19.
The company’s price-to-earnings ratio is -125.21, and its beta value is 1.20.
The value of the company’s stock is $1.20.
The company’s total value, as represented by its market capitalization, is $2.89 billion.
The company’s price has a moving average of the last 50 days, $27.75; over the past 200 days, that number has increased to $34.51.
On Monday, November 7th, DigitalOcean (NASDAQ:DOCN) announced the results of its most recent quarterly earnings report.
The report covered the period ending September 30.
During the period in question, the company posted earnings per share (EPS) of $0.16.
The company’s sales for the quarter came in at $152.12 million, which was a significant increase compared to the consensus estimate of $148.13 million in sales for the quarter.
The net margin and the return on equity were negative for DigitalOcean, with the former -4.94% and the latter -6.50% respectively. Sell-side analysts projected that DigitalOcean Holdings, INC will report a full year 2018 loss of $0.04 per share.
The subsidiary companies of DigitalOcean Holdings, INC operate a cloud computing platform in various locations around the world, including North America, Europe, Asia and other regions.
The platform tools and on-demand infrastructure it provides are available to software developers, start-ups, and other medium- or small-sized organizations.
Because the company offers fully managed application, container and database products in addition to compute, storage and network infrastructure solutions, developers can enhance the fundamental capabilities of the cloud.
This is possible because the company provides all these products under one roof.
