jolly zero Florida State continues torrid star with rout of UMassFranklin Resources Inc. raised its position in DigitalOcean Holdings, Inc. ( NYSE:DOCN – Free Report ) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,078 shares of the company’s stock after acquiring an additional 5,718 shares during the period. Franklin Resources Inc.’s holdings in DigitalOcean were worth $1,714,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently bought and sold shares of DOCN. Jacobs Levy Equity Management Inc. lifted its stake in shares of DigitalOcean by 32.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,397,588 shares of the company’s stock worth $56,449,000 after buying an additional 345,119 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of DigitalOcean during the second quarter worth $11,712,000. Bank of New York Mellon Corp raised its holdings in shares of DigitalOcean by 66.9% during the second quarter. Bank of New York Mellon Corp now owns 766,043 shares of the company’s stock worth $26,620,000 after purchasing an additional 307,162 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of DigitalOcean by 27.9% during the second quarter. Principal Financial Group Inc. now owns 1,178,848 shares of the company’s stock worth $40,965,000 after purchasing an additional 257,229 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of DigitalOcean by 152.6% during the second quarter. Renaissance Technologies LLC now owns 375,600 shares of the company’s stock worth $13,052,000 after purchasing an additional 226,900 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Several research analysts recently issued reports on DOCN shares. Needham & Company LLC reissued a “hold” rating on shares of DigitalOcean in a report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of DigitalOcean from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. Barclays raised their target price on shares of DigitalOcean from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on shares of DigitalOcean from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group lifted their price objective on shares of DigitalOcean from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DigitalOcean currently has a consensus rating of “Hold” and an average target price of $42.13. DigitalOcean Stock Down 2.8 % DOCN stock opened at $34.92 on Friday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 41.08, a P/E/G ratio of 2.47 and a beta of 1.76. The firm has a 50-day simple moving average of $38.45 and a 200-day simple moving average of $37.21. DigitalOcean Holdings, Inc. has a 52 week low of $26.63 and a 52 week high of $44.80. DigitalOcean ( NYSE:DOCN – Get Free Report ) last released its earnings results on Monday, November 4th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. The business had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $196.64 million. DigitalOcean had a net margin of 10.86% and a negative return on equity of 43.11%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, analysts expect that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current year. Insider Buying and Selling In related news, insider Bratin Saha sold 3,468 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $38.18, for a total transaction of $132,408.24. Following the sale, the insider now directly owns 379,795 shares of the company’s stock, valued at $14,500,573.10. This represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CFO Matt Steinfort sold 12,498 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $40.00, for a total transaction of $499,920.00. Following the sale, the chief financial officer now directly owns 517,498 shares in the company, valued at approximately $20,699,920. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 32,955 shares of company stock worth $1,258,373. 0.74% of the stock is owned by insiders. DigitalOcean Company 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). Further Reading 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 .Artificial intelligence is revolutionizing the way companies market their products, enabling them to target consumers in personalized and interactive ways that not long ago seemed like the realm of science fiction. Marketers use AI-powered algorithms to scour vast amounts of data that reveals individual preferences with unrivaled accuracy. This allows companies to precisely target content – ads, emails, social media posts – that feels tailor-made and helps cultivate companies’ relationships with consumers. As a researcher who studies technology in marketing, I joined several colleagues in conducting new research that shows AI marketing overwhelmingly neglects its potential negative consequences. Our peer-reviewed study reviewed 290 articles that had been published over the past 10 years from 15 high-ranking marketing journals. We found that only 33 of them addressed the potential “dark side” of AI marketing. This matters because the imbalance creates a critical gap in understanding the full impact of AI. AI marketing can perpetuate harmful stereotypes, such as producing hypersexualized depictions of women, for example. AI can also infringe on the individual rights of artists. And it can spread misinformation through deepfakes and “hallucinations,” which occur when AI presents false information as if it were true, such as inventing historical events. It can also negatively affect mental health. The prevalence of AI-powered beauty filters on social media, for instance, can foster unrealistic ideals and trigger depression. These concerns loom large, prompting anxiety about the potential misuse of this powerful technology. Many people experience these worries, but young women are notably vulnerable. As AI apps gain acceptance, beauty standards are moving further from reality. Our research finds there is an urgent need to address AI’s ethical considerations and potential negative consequences. Our intent is not to discredit AI. It’s to make sure that AI marketing benefits everyone, not just a handful of powerful companies. I believe researchers should consider exploring the ethical problems with AI more thoroughly, and how to use it safely and responsibly. This is important because AI is suddenly being used everywhere – from social media to self-driving cars to making health decisions. Understanding its potential negative effects empowers the public to be informed consumers and call for responsible AI use. Lauren Labrecque is Professor of Marketing, University of Rhode Island. The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.

Unpacking IT challengesCollege Football Playoff betting guide: First-round odds, title favorites

Griffin Mining (LON:GFM) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened