Wealthfront Advisers LLC Makes New Investment in DigitalOcean Holdings, Inc. $DOCN

Wealthfront Advisers LLC bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,970 shares of the company’s stock, valued at approximately $780,000.

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

Insiders Place Their Bets

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the completion of the sale, the chief financial officer owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. The trade was a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, Director Warren J. Adelman sold 4,200 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total transaction of $520,842.00. Following the sale, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. The trade was a 5.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,656 shares of company stock valued at $2,811,383. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOCN shares. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a research report on Wednesday, May 6th. Morgan Stanley raised their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group boosted their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. KeyCorp assumed coverage on DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective on the stock. Finally, Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $151.33.

DigitalOcean Stock Up 0.7%

Shares of NYSE DOCN opened at $115.12 on Friday. The firm has a market capitalization of $12.01 billion, a PE ratio of 52.57, a price-to-earnings-growth ratio of 97.89 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 Holdings, Inc. has a 1 year low of $30.05 and a 1 year high of $187.50. The firm’s 50-day moving average is $134.86 and its 200-day moving average is $113.48.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping 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 business 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. 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. Equities analysts expect that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

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.