284,000 Shares in DigitalOcean Holdings, Inc. $DOCN Bought by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 284,000 shares of the company’s stock, valued at approximately $13,666,000.

A number of other institutional investors have also recently bought and sold shares of DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DigitalOcean by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock valued at $11,342,000 after purchasing an additional 16,162 shares during the period. Intech Investment Management LLC grew its stake in DigitalOcean by 59.2% in the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after purchasing an additional 14,655 shares during the period. Amundi grew its stake in DigitalOcean by 126,552.2% in the 2nd quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after purchasing an additional 29,107 shares during the period. Jump Financial LLC bought a new position in DigitalOcean in the 2nd quarter valued at $3,212,000. Finally, Qube Research & Technologies Ltd grew its stake in DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after purchasing an additional 170,339 shares during the period. Institutional investors own 49.77% of the company’s stock.

Analyst Upgrades and Downgrades

DOCN has been the subject of a number of recent analyst reports. UBS Group upped their price objective on DigitalOcean to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Bank of America upped their price objective on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Citizens Jmp upped their price objective on DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, March 26th. Stifel Nicolaus set a $57.00 price objective on DigitalOcean in a research note on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of DigitalOcean in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DigitalOcean presently has a consensus rating of “Moderate Buy” and an average price target of $146.36.

DigitalOcean Stock Down 3.8%

Shares of NYSE DOCN opened at $174.44 on Wednesday. DigitalOcean Holdings, Inc. has a one year low of $25.56 and a one year high of $185.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. The business’s fifty day moving average price is $134.78 and its 200-day moving average price is $85.97. The stock has a market capitalization of $18.20 billion, a PE ratio of 76.18 and a beta of 1.60.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The firm had revenue of $257.91 million for the quarter, compared to analysts’ expectations of $249.76 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, equities research analysts anticipate that DigitalOcean Holdings, Inc. will post 0.54 EPS for the current year.

Insiders Place Their Bets

In related news, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the sale, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $152.50, for a total value of $3,812,500.00. Following the sale, the chief financial officer directly owned 573,272 shares in the company, valued at $87,423,980. This trade represents a 4.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,338 shares of company stock worth $6,191,576 in the last ninety days. Insiders own 0.96% of the company’s stock.

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.