Wealth High Governance Capital Ltda Buys Shares of 55,222 DigitalOcean Holdings, Inc. $DOCN

Wealth High Governance Capital Ltda bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 55,222 shares of the company’s stock, valued at approximately $8,672,000. DigitalOcean accounts for approximately 2.6% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 20th largest position. Wealth High Governance Capital Ltda owned about 0.05% of DigitalOcean as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hilltop National Bank purchased a new stake in DigitalOcean in the 2nd quarter worth approximately $38,000. Rakuten Securities Inc. purchased a new position in shares of DigitalOcean during the 2nd quarter valued at $43,000. Parallel Advisors LLC grew its holdings in shares of DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of DigitalOcean in the first quarter worth $33,000. Finally, LRI Investments LLC purchased a new stake in shares of DigitalOcean during the second quarter worth $64,000. 49.77% of the stock is owned by hedge funds and other institutional investors.

DigitalOcean Stock Down 0.4%

DOCN stock opened at $115.12 on Monday. The firm has a market cap of $12.01 billion, a PE ratio of 52.57, a PEG ratio of 98.99 and a beta of 1.61. DigitalOcean Holdings, Inc. has a 1 year low of $30.05 and a 1 year high of $187.50. The company has a fifty day simple moving average of $134.86 and a 200 day simple moving average of $113.86. 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 firm had revenue of $281.18 million for the quarter, compared to the consensus estimate of $279.03 million. During the same period in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue 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. Sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In other news, CAO Cherie Barrett sold 4,456 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72. Following the transaction, the chief accounting officer owned 65,487 shares of the company’s stock, valued at approximately $8,668,514.19. This represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Warren J. Adelman sold 4,200 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares in the company, valued at $8,362,366.33. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 18,656 shares of company stock valued at $2,811,383. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DOCN has been the subject of a number of research reports. Robert W. Baird started coverage on DigitalOcean in a research report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 price objective for the company. Morgan Stanley upped their target price on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Oppenheimer set a $190.00 price target on DigitalOcean in a research note on Wednesday, May 6th. The Goldman Sachs Group lifted their price target on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, KeyCorp initiated coverage on DigitalOcean in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $151.33.

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.