Corient Private Wealth LP Takes $16.51 Million Position in DigitalOcean Holdings, Inc. $DOCN

Corient Private Wealth LP acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to its most recent filing with the SEC. The fund acquired 105,155 shares of the company’s stock, valued at approximately $16,512,000. Corient Private Wealth LP owned 0.10% of DigitalOcean as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in DOCN. Allworth Financial LP increased its position in shares of DigitalOcean by 54.4% during the third 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 period. Parallel Advisors LLC boosted its position in shares of DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares during the period. Huntington National Bank grew its stake in DigitalOcean by 638.3% during the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after acquiring an additional 517 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in DigitalOcean during the first quarter valued at approximately $33,000. Finally, Optiver Holding B.V. increased its holdings in DigitalOcean by 1,063.9% during the 1st quarter. Optiver Holding B.V. now owns 419 shares of the company’s stock worth $36,000 after acquiring an additional 383 shares during the period. Institutional investors own 49.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOCN. Citigroup raised their price target on shares of 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 objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp initiated coverage on DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective for the company. Robert W. Baird initiated coverage on DigitalOcean in a research report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 target price for the company. Finally, Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $152.81.

DigitalOcean Price Performance

DOCN stock opened at $111.50 on Friday. The firm has a 50 day simple moving average of $128.72 and a two-hundred day simple moving average of $115.41. The stock has a market cap of $11.64 billion, a PE ratio of 50.91, a P/E/G ratio of 104.17 and a beta of 1.61. DigitalOcean Holdings, Inc. has a one year low of $30.89 and a one year high of $187.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating 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 analysts’ expectations of $279.03 million. During the same quarter last year, the company posted $0.39 EPS. 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. On average, analysts predict that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 4,456 shares of the firm’s 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 sale, the chief accounting officer owned 65,487 shares in the company, valued at $8,668,514.19. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the sale, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This trade represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 18,656 shares of company stock valued at $2,811,383 over the last 90 days. 0.96% of the stock is owned by insiders.

About DigitalOcean

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.