DigitalOcean (NYSE:DOCN) CAO Sells 4,456 Shares

DigitalOcean Holdings, Inc. (NYSE:DOCN) 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 value of $589,840.72. Following the transaction, the chief accounting officer owned 65,487 shares of the company’s stock, valued at $8,668,514.19. The trade was a 6.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DigitalOcean Stock Up 4.0%

Shares of NYSE DOCN traded up $5.22 during trading on Monday, reaching $135.14. The company had a trading volume of 2,341,251 shares, compared to its average volume of 3,434,926. DigitalOcean Holdings, Inc. has a 12-month low of $29.62 and a 12-month high of $187.50. The stock has a market cap of $14.10 billion, a PE ratio of 61.71, a P/E/G ratio of 111.22 and a beta of 1.61. The business’s 50-day moving average is $139.08 and its 200 day moving average is $112.17. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.19. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The firm had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. During the same quarter in the previous year, the firm earned $0.39 EPS. DigitalOcean’s quarterly revenue 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, equities analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DOCN shares. Piper Sandler lifted their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Barclays raised their price target on shares of DigitalOcean from $160.00 to $161.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 price objective on shares of DigitalOcean in a research report on Friday, July 10th. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a report on Wednesday, May 6th. Finally, KeyCorp began coverage on DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $151.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 worth $11,342,000 after purchasing an additional 16,162 shares in the last quarter. Intech Investment Management LLC increased its position in DigitalOcean by 59.2% in the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock worth $1,317,000 after buying an additional 14,655 shares in the last quarter. Amundi raised its stake in shares of DigitalOcean by 126,552.2% in the second quarter. Amundi now owns 29,130 shares of the company’s stock worth $827,000 after buying an additional 29,107 shares during the period. Jump Financial LLC purchased a new position in shares of DigitalOcean during the 2nd quarter valued at about $3,212,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of DigitalOcean by 69.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after acquiring an additional 170,339 shares during the period. 49.77% of the stock is currently owned by 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.