Allspring Global Investments Holdings Adds $52M in DigitalOcean Holdings, Inc. ($DOCN)
Key Points
- Allspring Global Investments Holdings changed its DigitalOcean Holdings, Inc. ($DOCN) stake by 81.3% last quarter, boosting to 683,707 shares worth $116.53 million.
- Wall Street's consensus rating on $DOCN is Buy and an average price target of $178.77.
- $DOCN last traded around $170.44.
Allspring Global Investments Holdings increased its position in DigitalOcean Holdings, Inc. ($DOCN) by 81.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 683,707 shares of DigitalOcean Holdings, Inc. after buying 306,529 shares during the quarter. Allspring Global Investments Holdings's holdings in DigitalOcean Holdings, Inc. were worth $116.53 million as of its most recent filing.
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About DigitalOcean Holdings, Inc.
DigitalOcean Holdings, Inc., through its subsidiaries, operates an agentic inference cloud platform in North America, Europe, Asia, and internationally. The company provides AI and Digital Native Enterprises build, run, and scale intelligent applications for growing technology companies. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute, storage, and networking products, including cloud firewalls, managed load balancers, NAT gateways, and virtual private cloud software, as well as IP address management and domain name system management. In addition, the company provides platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions, such as managed databases; managed Kubernetes and container registry; application platform to build, deploy, and scale applications; Functions, a serverless compute solution; and Uptime for real-time uptime and latency alerts, as well as managed hosting and DigitalOcean Marketplace, a platform where developers can find pre-configured applications and solutions. Further, it offers artificial intelligence (AI)/machine learning (ML) applications comprising GPU droplets; bare metal GPUS, which provides access to a GPU server without any virtualization layer and gives developers with customizable server for their use case; and Jupyter Notebooks that provides cloud workspace and managed interactive development environment for exploring data and training, and building machine learning models. Its customers use its platform in various industry verticals, such as online gaming, fintech, and cybersecurity, as well as for a range of use cases, including building and hosting websites, web and mobile applications development, AI integration, and building AI products and applications. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in Broomfield, Colorado.
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