D L Carlson Investment Group Inc. Acquires New Position in DigitalOcean Holdings, Inc. $DOCN

D L Carlson Investment Group Inc. acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, HoldingsChannel reports. The firm acquired 42,368 shares of the company’s stock, valued at approximately $6,653,000. DigitalOcean accounts for approximately 1.1% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new stake in shares of DigitalOcean during the 4th quarter worth $2,358,000. New York State Teachers Retirement System grew its position in DigitalOcean by 33.0% in the fourth quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock valued at $2,373,000 after acquiring an additional 12,229 shares during the last quarter. Legato Capital Management LLC acquired a new position in DigitalOcean during the fourth quarter worth about $1,365,000. Summit Creek Advisors LLC acquired a new position in DigitalOcean during the fourth quarter worth about $7,126,000. Finally, Wealth High Governance Asset Management Ltda. bought a new position in shares of DigitalOcean in the first quarter worth about $8,986,000. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Stock Performance

DigitalOcean stock opened at $114.73 on Friday. The business has a 50 day moving average of $135.95 and a 200-day moving average of $113.47. The company has a market capitalization of $11.97 billion, a P/E ratio of 52.39, a P/E/G ratio of 99.87 and a beta of 1.61. DigitalOcean Holdings, Inc. has a 1 year low of $29.62 and a 1 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 earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $279.03 million. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. 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, equities research analysts predict that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a report on Wednesday, May 6th. William Blair reissued an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. KeyCorp started coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price on the stock. Citigroup boosted their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler upped their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $151.33.

Insider Transactions at DigitalOcean

In related news, Director Warren J. Adelman sold 4,200 shares of the business’s stock in a transaction 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 sale, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Cherie Barrett sold 4,456 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the sale, the chief accounting officer owned 65,487 shares of the company’s stock, valued at $8,668,514.19. The trade was a 6.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 18,656 shares of company stock worth $2,811,383. Company insiders own 0.96% of the company’s stock.

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.