GSA Capital Partners LLP Acquires Shares of 5,819 DigitalOcean Holdings, Inc. $DOCN

GSA Capital Partners LLP acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, HoldingsChannel reports. The institutional investor acquired 5,819 shares of the company’s stock, valued at approximately $914,000.

A number of other hedge funds also recently bought and sold shares of DOCN. Burns Matteson Capital Management LLC purchased a new position in DigitalOcean during the second quarter valued at approximately $1,035,000. Fifth Third Wealth Advisors LLC purchased a new position in DigitalOcean during the second quarter valued at $352,000. Sequoia Financial Advisors LLC purchased a new position in DigitalOcean during the 2nd quarter valued at approximately $475,000. Crossmark Global Holdings Inc. raised its holdings in shares of DigitalOcean by 12.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,655 shares of the company’s stock worth $731,000 after acquiring an additional 508 shares in the last quarter. Finally, Park National Corp OH purchased a new stake in shares of DigitalOcean during the 2nd quarter worth approximately $237,000. Institutional investors own 49.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DOCN shares. KeyCorp began coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Citigroup upped their price objective on DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $160.00 in a report on Tuesday, July 21st. Finally, UBS Group cut their target price on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DigitalOcean has an average rating of “Buy” and an average target price of $151.33.

DigitalOcean Stock Down 7.5%

Shares of NYSE DOCN opened at $125.08 on Wednesday. DigitalOcean Holdings, Inc. has a 12-month low of $29.62 and a 12-month high of $187.50. The stock’s fifty day simple moving average is $138.21 and its two-hundred day simple moving average is $112.62. The stock has a market capitalization of $13.05 billion, a PE ratio of 57.12, a price-to-earnings-growth ratio of 111.22 and a beta of 1.61. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The company had revenue of $281.18 million during the quarter, compared to analysts’ expectations of $279.03 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. DigitalOcean’s revenue for the quarter was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, analysts expect that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at DigitalOcean

In other news, CAO Cherie Barrett sold 4,456 shares of DigitalOcean stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total transaction of $589,840.72. Following the completion of the sale, the chief accounting officer directly owned 65,487 shares in the company, valued at approximately $8,668,514.19. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at approximately $91,568,068.98. The trade was a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 18,656 shares of company stock worth $2,811,383. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Profile

DigitalOcean Holdings, Inc is a cloud infrastructure provider that focuses on simplicity, performance and developer experience. The company offers a range of cloud services designed to help software developers, startups and small- to medium-sized businesses deploy, manage and scale applications. Its flagship offering, Droplets, provides virtual private servers that can be configured with various CPU, memory and storage options. In addition to compute instances, DigitalOcean’s platform includes managed Kubernetes, scalable object and block storage, managed databases, load balancers and networking capabilities such as Virtual Private Cloud (VPC) and Floating IPs.

Founded in 2011 and headquartered in New York City, DigitalOcean was created with the goal of making cloud computing more accessible to individual developers and smaller teams.