DigitalOcean (DOCN) to Release Earnings on Tuesday

DigitalOcean (NYSE:DOCN) will likely be releasing its Q1 2026 results before the market opens on Tuesday, May 5th. Analysts expect DigitalOcean to post earnings of $0.27 per share and revenue of $249.6810 million for the quarter. Individuals may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 8:00 AM ET.

DigitalOcean Price Performance

Shares of DOCN stock traded down $2.45 during mid-day trading on Tuesday, hitting $96.50. The stock had a trading volume of 220,759 shares, compared to its average volume of 3,947,899. DigitalOcean has a 12-month low of $25.56 and a 12-month high of $99.23. The firm’s 50-day moving average is $76.28 and its two-hundred day moving average is $58.67. The firm has a market capitalization of $8.88 billion, a P/E ratio of 38.24 and a beta of 1.43.

Insider Transactions at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 20,000 shares of DigitalOcean stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $55.40, for a total value of $1,108,000.00. Following the transaction, the chief financial officer owned 545,916 shares in the company, valued at $30,243,746.40. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cherie Barrett sold 22,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $54.77, for a total transaction of $1,204,940.00. Following the completion of the transaction, the chief accounting officer owned 62,469 shares of the company’s stock, valued at $3,421,427.13. This represents a 26.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On DigitalOcean

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its holdings in DigitalOcean by 11.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,420,341 shares of the company’s stock worth $116,467,000 after purchasing an additional 252,303 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of DigitalOcean by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock worth $47,430,000 after purchasing an additional 426,264 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DigitalOcean by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,359,695 shares of the company’s stock valued at $65,432,000 after purchasing an additional 31,682 shares during the last quarter. First Trust Advisors LP boosted its position in shares of DigitalOcean by 19.8% in the 4th quarter. First Trust Advisors LP now owns 1,318,476 shares of the company’s stock worth $63,445,000 after purchasing an additional 217,457 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of DigitalOcean by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock worth $57,496,000 after purchasing an additional 568,823 shares in the last quarter. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DOCN shares. Oppenheimer lifted their price objective on DigitalOcean from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America increased their target price on shares of DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Barclays boosted their price target on shares of DigitalOcean from $69.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Piper Sandler upped their price target on shares of DigitalOcean from $67.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Finally, Canaccord Genuity Group increased their price objective on shares of DigitalOcean from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.23.

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.