Spectrum Strategic Capital Management LLC Takes $606,000 Position in DigitalOcean Holdings, Inc. $DOCN

Spectrum Strategic Capital Management LLC acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 12,594 shares of the company’s stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after buying an additional 255 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of DigitalOcean during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DigitalOcean during the 3rd quarter worth $37,000. Advisory Services Network LLC purchased a new position in shares of DigitalOcean during the 3rd quarter worth $54,000. Finally, GAMMA Investing LLC raised its holdings in shares of DigitalOcean by 33.8% during the 4th quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 49.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Matt Steinfort sold 20,000 shares of DigitalOcean stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $55.40, for a total value of $1,108,000.00. Following the completion of the sale, the chief financial officer owned 545,916 shares in the company, valued at approximately $30,243,746.40. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cherie Barrett sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $54.77, for a total value of $1,204,940.00. Following the completion of the sale, the chief accounting officer directly owned 62,469 shares in the company, valued at approximately $3,421,427.13. The trade was a 26.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.96% of the company’s stock.

DigitalOcean Stock Up 0.1%

Shares of DOCN opened at $154.98 on Monday. The company’s 50-day moving average price is $95.94 and its 200 day moving average price is $67.28. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $164.77. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The firm has a market cap of $16.17 billion, a P/E ratio of 67.67 and a beta of 1.42.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. The business had revenue of $257.91 million during the quarter, compared to analysts’ expectations of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, sell-side analysts forecast that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group lifted their price target on DigitalOcean to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Cantor Fitzgerald lifted their price target on DigitalOcean from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Barclays lifted their price target on DigitalOcean from $105.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their price target on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group lifted their price target on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $142.23.

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.