DigitalOcean (NYSE:DOCN) CFO Matt Steinfort Sells 25,000 Shares of Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) CFO Matt Steinfort sold 25,000 shares of DigitalOcean stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the transaction, the chief financial officer owned 573,272 shares in the company, valued at approximately $87,423,980. This represents a 4.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Matt Steinfort also recently made the following trade(s):

• On Tuesday, March 3rd, Matt Steinfort sold 20,000 shares of DigitalOcean stock. The stock was sold at an average price of $55.40, for a total value of $1,108,000.00.

DigitalOcean Stock Up 1.8%

DOCN opened at $150.01 on Wednesday. The company has a market cap of $15.66 billion, a P/E ratio of 65.51 and a beta of 1.42. The business’s 50-day moving average price is $99.72 and its 200-day moving average price is $68.82. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $164.77.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The firm had revenue of $257.91 million for the quarter, compared to the consensus estimate of $249.76 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. 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, equities analysts expect that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in DigitalOcean by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,889 shares of the company’s stock valued at $319,836,000 after purchasing an additional 442,617 shares during the period. Fuller & Thaler Asset Management Inc. increased 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 valued at $116,467,000 after purchasing an additional 252,303 shares during the period. Lazard Asset Management LLC increased its position in DigitalOcean by 34.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock valued at $47,430,000 after purchasing an additional 426,264 shares during the period. Van Berkom & Associates Inc. grew its holdings in shares of DigitalOcean by 2.9% during the 4th quarter. Van Berkom & Associates Inc. now owns 1,610,671 shares of the company’s stock worth $77,505,000 after acquiring an additional 45,680 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of DigitalOcean by 9.3% during the 1st quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock worth $123,622,000 after acquiring an additional 122,675 shares during the period. 49.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on DOCN shares. The Goldman Sachs Group lifted their target price on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada set a $60.00 target price on shares of DigitalOcean in a research note on Tuesday, February 24th. Barclays boosted their price target on DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Citigroup boosted their price target on DigitalOcean from $115.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley boosted their price target on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Nine research 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 currently has an average rating of “Moderate Buy” and a consensus 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.