DigitalOcean (DOCN) Expected to Announce Quarterly Earnings on Tuesday

DigitalOcean (NYSE:DOCN) is projected to announce its Q1 2026 results before the market opens on Tuesday, May 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $249.7580 million for the quarter. Investors can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 8:00 AM ET.

DigitalOcean Trading Up 0.0%

NYSE:DOCN opened at $102.87 on Monday. DigitalOcean has a 12 month low of $25.56 and a 12 month high of $104.48. The company has a market cap of $10.73 billion, a PE ratio of 40.66 and a beta of 1.42. The company has a 50 day simple moving average of $77.95 and a two-hundred day simple moving average of $59.86.

Analysts Set New Price Targets

A number of research firms have commented on DOCN. Canaccord Genuity Group lifted their target price on shares of DigitalOcean from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler lifted their target price on shares of DigitalOcean from $67.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Cantor Fitzgerald lifted their target price on shares of DigitalOcean from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Barclays lifted their target price on shares of DigitalOcean from $69.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of DigitalOcean from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 22,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $54.77, for a total value of $1,204,940.00. Following the sale, the chief accounting officer owned 62,469 shares in the company, valued at $3,421,427.13. The trade was a 26.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matt Steinfort sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $55.40, for a total transaction of $1,108,000.00. Following the completion of the sale, the chief financial officer owned 545,916 shares in the company, valued at approximately $30,243,746.40. The trade was a 3.53% decrease in their position. The SEC filing for this sale provides additional information. 0.96% of the stock is owned by insiders.

Institutional Trading of DigitalOcean

Several hedge funds have recently bought and sold shares of DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DigitalOcean by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock worth $11,342,000 after purchasing an additional 16,162 shares in the last quarter. Intech Investment Management LLC raised its position in shares of DigitalOcean by 59.2% during the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after buying an additional 14,655 shares in the last quarter. Amundi raised its position in shares of DigitalOcean by 126,552.2% during the 2nd quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after buying an additional 29,107 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of DigitalOcean during the 2nd quarter valued at about $3,212,000. Finally, Qube Research & Technologies Ltd raised its position in shares of DigitalOcean by 69.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after buying an additional 170,339 shares in the last quarter. 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.