Insider Selling: DigitalOcean (NYSE:DOCN) Director Sells $520,842.00 in Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) Director Warren Adelman sold 4,200 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $124.01, for a total value of $520,842.00. Following the transaction, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DigitalOcean Stock Performance

DOCN opened at $132.40 on Friday. DigitalOcean Holdings, Inc. has a 1-year low of $29.62 and a 1-year high of $187.50. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 60.46, a PEG ratio of 114.17 and a beta of 1.61. The company’s fifty day moving average price is $140.56 and its two-hundred day moving average price is $111.14. 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, topping the consensus estimate 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 the consensus estimate of $279.03 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. On average, analysts expect that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

DOCN has been the topic of a number of recent research reports. Citigroup raised their target price on DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Piper Sandler increased their price target on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. KeyCorp initiated coverage on shares of DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective on the stock. Finally, Barclays upped their target price on shares of DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, DigitalOcean currently has a consensus rating of “Buy” and an average target price of $151.33.

Institutional Trading of DigitalOcean

A number of large investors have recently bought and sold shares of DOCN. Fuller & Thaler Asset Management Inc. lifted its position in shares of DigitalOcean by 11.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,420,341 shares of the company’s stock valued at $116,467,000 after buying an additional 252,303 shares during the last quarter. Lazard Asset Management LLC raised its stake in DigitalOcean by 34.5% in the 2nd quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock valued at $47,430,000 after acquiring an additional 426,264 shares during the period. Van Berkom & Associates Inc. lifted its holdings in DigitalOcean by 2.9% during the fourth quarter. Van Berkom & Associates Inc. now owns 1,610,671 shares of the company’s stock valued at $77,505,000 after purchasing an additional 45,680 shares during the last quarter. First Trust Advisors LP lifted its holdings in DigitalOcean by 9.3% during the first quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock valued at $123,622,000 after purchasing an additional 122,675 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in DigitalOcean by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,695 shares of the company’s stock worth $65,432,000 after purchasing an additional 31,682 shares during the period. 49.77% of the stock is owned by hedge funds and other institutional investors.

DigitalOcean Company 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.