DigitalOcean (NYSE:DOCN) CAO Sells 3,985 Shares

DigitalOcean Holdings, Inc. (NYSE:DOCN) CAO Cherie Barrett sold 3,985 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $421,334.05. Following the completion of the sale, the chief accounting officer owned 58,399 shares in the company, valued at $6,174,526.27. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Cherie Barrett also recently made the following trade(s):

• On Thursday, August 13th, Cherie Barrett sold 4,456 shares of DigitalOcean stock. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72.

DigitalOcean Trading Up 4.4%

Shares of DOCN traded up $4.63 during trading hours on Thursday, hitting $109.50. 1,846,413 shares of the stock were exchanged, compared to its average volume of 2,135,332. DigitalOcean Holdings, Inc. has a fifty-two week low of $30.89 and a fifty-two week 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. The business has a 50-day moving average of $125.06 and a 200-day moving average of $117.00. The firm has a market capitalization of $11.43 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 89.78 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last released its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.19. The business had revenue of $281.18 million for the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. DigitalOcean’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. 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, research analysts expect that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DOCN shares. Morgan Stanley raised their price objective on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a report on Wednesday, July 15th. Citigroup raised their target price on DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. KeyCorp started coverage on DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price target on the stock. Finally, Robert W. Baird started coverage on DigitalOcean in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $152.81.

Institutional Trading of DigitalOcean

Institutional investors and hedge funds have recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of DigitalOcean during the 2nd quarter worth approximately $38,000. Rakuten Securities Inc. purchased a new position in DigitalOcean in the second quarter worth $43,000. Parallel Advisors LLC grew its stake in DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after purchasing an additional 129 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of DigitalOcean during the 1st quarter valued at $33,000. Finally, LRI Investments LLC purchased a new stake in shares of DigitalOcean during the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 49.77% 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.