DigitalOcean Holdings, Inc. $DOCN Stake Decreased by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 61.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,328 shares of the company’s stock after selling 57,498 shares during the period. Private Advisor Group LLC’s holdings in DigitalOcean were worth $3,030,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DOCN. Bullseye Asset Management LLC boosted its position in DigitalOcean by 267.8% during the 3rd quarter. Bullseye Asset Management LLC now owns 99,300 shares of the company’s stock worth $3,392,000 after acquiring an additional 72,300 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in DigitalOcean in the fourth quarter worth about $2,358,000. New York State Teachers Retirement System boosted its holdings in shares of 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 in the last quarter. SG Americas Securities LLC increased its stake in shares of DigitalOcean by 266.1% during the fourth quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock valued at $8,042,000 after acquiring an additional 121,473 shares during the period. Finally, Legato Capital Management LLC acquired a new position in shares of DigitalOcean during the fourth quarter valued at approximately $1,365,000. 49.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the transaction, the chief financial officer owned 538,414 shares in the company, valued at $91,568,068.98. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Also, Director Hilary Schneider sold 4,338 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the sale, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This trade represents a 15.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 39,338 shares of company stock valued at $6,191,576. Company insiders own 0.96% of the company’s stock.

DigitalOcean Price Performance

Shares of NYSE:DOCN opened at $141.13 on Friday. The company’s fifty day moving average is $155.69 and its two-hundred day moving average is $98.28. The company has a market cap of $14.73 billion, a P/E ratio of 61.63 and a beta of 1.57. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $187.50. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92.

DigitalOcean (NYSE:DOCN) last issued its earnings results 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 business had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $249.76 million. During the same quarter last year, the firm posted $0.56 earnings per share. DigitalOcean’s 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. Equities analysts expect that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Piper Sandler upped their target price on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp assumed coverage on DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price target on the stock. Morgan Stanley boosted their price objective on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Barclays upped their price objective on DigitalOcean from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DigitalOcean in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.36.

DigitalOcean Company Profile

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.