BlackRock Amends DigitalOcean Stake, Signals Updated Position

TL;DR

**BlackRock updated its DigitalOcean stake, watch for potential market reaction.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of DigitalOcean Holdings, Inc. common stock as of December 31, 2023. This filing, an amendment (Amendment No: 1), updates their previous disclosure regarding their stake in the cloud computing company. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in DigitalOcean's future prospects.

Why It Matters

This filing shows BlackRock's updated position in DigitalOcean, which can influence market perception and potentially impact the stock price due to the sheer size of BlackRock's investments.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor and does not inherently signal high risk.

Analyst Insight

An investor should note that BlackRock, a major institutional player, is updating its position in DigitalOcean. While this filing doesn't disclose the exact change in share count or percentage, it signals that BlackRock is actively managing its investment. Investors should look for the full details of the amendment to understand the magnitude of any change in BlackRock's stake and consider what that might imply about their outlook on DigitalOcean.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A amendment
• DigitalOcean Holdings, Inc. (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event which required the filing of this statement
• January 29, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

From the Filing

0001086364-24-005513.txt : 20240129 0001086364-24-005513.hdr.sgml : 20240129 20240129172549 ACCESSION NUMBER: 0001086364-24-005513 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DigitalOcean Holdings, Inc. CENTRAL INDEX KEY: 0001582961 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92451 FILM NUMBER: 24574874 BUSINESS ADDRESS: STREET 1: 101 AVENUE OF THE AMERICAS STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 341-985-0306 MAIL ADDRESS: STREET 1: 101 AVENUE OF THE AMERICAS STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 FORMER COMPANY: FORMER CONFORMED NAME: Digital Ocean, Inc. DATE OF NAME CHANGE: 20130731 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us25402d1028_012924.txt us25402d1028_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) DigitalOcean Holdings, Inc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 25402D102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 25402D102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5144276 (6) Shared voting power 0 (7) Sole dispositive power 5222944 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 5222944 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- DigitalOcean Holdings, Inc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 101 AVENUE OF THE AMERICAS, 10TH FLOOR NEW YORK NY 10013 Item 2. 2(a) Name of perso