4,682 Shares in DigitalOcean Holdings, Inc. $DOCN Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 1st quarter, Holdings Channel reports. The fund bought 4,682 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in shares of DigitalOcean in the first quarter valued at about $33,000. Huntington National Bank lifted its position in shares of DigitalOcean by 638.3% during the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after purchasing an additional 517 shares during the last quarter. NBC Securities Inc. bought a new stake in DigitalOcean during the 4th quarter valued at approximately $32,000. Allworth Financial LP grew its holdings in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after buying an additional 255 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in DigitalOcean by 417.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 782 shares of the company’s stock worth $38,000 after buying an additional 631 shares during the period. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Stock Down 2.8%

DOCN opened at $116.35 on Friday. The company has a market capitalization of $12.14 billion, a P/E ratio of 50.81 and a beta of 1.57. 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 firm’s fifty day moving average price is $154.84 and its two-hundred day moving average price is $100.87. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $187.50.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. The company had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. 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, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

DOCN has been the subject of several research reports. Citizens Jmp increased their price objective on DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, March 26th. Morgan Stanley boosted their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. KeyCorp began coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price for the company. William Blair reissued an “outperform” rating on shares of DigitalOcean in a report on Wednesday. Finally, Bank of America raised their price target on shares of DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.36.

Insider Activity

In related news, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the transaction, the chief financial officer owned 573,272 shares of the company’s stock, valued at $87,423,980. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $156.38, for a total value of $678,376.44. Following the sale, the director directly owned 24,323 shares in the company, valued at $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,338 shares of company stock valued at $6,191,576 in the last three months. Company 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.