DigitalOcean Holdings, Inc. $DOCN Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 21.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 58,695 shares of the company’s stock after selling 15,942 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in DigitalOcean were worth $2,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in DigitalOcean by 5.0% in the third quarter. Vanguard Group Inc. now owns 9,362,889 shares of the company’s stock valued at $319,836,000 after buying an additional 442,617 shares during the last quarter. Lazard Asset Management LLC raised its stake in DigitalOcean by 34.5% in the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock valued at $47,430,000 after buying an additional 426,264 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in DigitalOcean by 2.9% in the fourth quarter. Van Berkom & Associates Inc. now owns 1,610,671 shares of the company’s stock valued at $77,505,000 after buying an additional 45,680 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in DigitalOcean by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,328,013 shares of the company’s stock valued at $45,371,000 after buying an additional 40,679 shares during the last quarter. Finally, Oberweis Asset Management Inc. raised its stake in DigitalOcean by 22.2% in the third quarter. Oberweis Asset Management Inc. now owns 772,000 shares of the company’s stock valued at $26,372,000 after buying an additional 140,080 shares during the last quarter. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

DigitalOcean Stock Performance

DOCN opened at $150.54 on Thursday. 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 $165.99. The firm has a 50 day moving average of $110.77 and a two-hundred day moving average of $73.72. The firm has a market capitalization of $15.71 billion, a PE ratio of 65.74 and a beta of 1.42.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business had revenue of $257.91 million during the quarter, compared to analysts’ expectations of $249.76 million. During the same period in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. 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, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOCN shares. Royal Bank Of Canada set a $60.00 price target on DigitalOcean in a research note on Tuesday, February 24th. Morgan Stanley increased their price target on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Piper Sandler increased their price target on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Cantor Fitzgerald increased their price target on DigitalOcean from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Stifel Nicolaus set a $57.00 price target on DigitalOcean in a research note on Tuesday, February 24th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DigitalOcean currently has a consensus rating of “Moderate Buy” and an average target price of $142.23.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 25,000 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the completion of the sale, the chief financial officer directly owned 573,272 shares in the company, valued at approximately $87,423,980. The trade was a 4.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the sale, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 71,338 shares of company stock worth $6,803,816. 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.