DigitalOcean Holdings, Inc. $DOCN Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 33.0% during the fourth quarter, Holdings Channel reports. The firm owned 49,310 shares of the company’s stock after purchasing an additional 12,229 shares during the quarter. New York State Teachers Retirement System’s holdings in DigitalOcean were worth $2,373,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 lifted its stake in DigitalOcean by 59.2% during the first 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 boosted its holdings in shares of DigitalOcean by 126,552.2% in the second quarter. Amundi now owns 29,130 shares of the company’s stock worth $827,000 after buying an additional 29,107 shares during the period. Jump Financial LLC acquired a new position in shares of DigitalOcean in the second quarter worth about $3,212,000. Finally, Qube Research & Technologies Ltd increased its position in shares of DigitalOcean by 69.7% in the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after acquiring an additional 170,339 shares in the last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 20,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $55.40, for a total value of $1,108,000.00. Following the transaction, the chief financial officer directly owned 545,916 shares of the company’s stock, valued at $30,243,746.40. This represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cherie Barrett sold 22,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $54.77, for a total value of $1,204,940.00. Following the completion of the transaction, the chief accounting officer directly owned 62,469 shares in the company, valued at approximately $3,421,427.13. The trade was a 26.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group lifted their price objective on shares of DigitalOcean from $105.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer set a $190.00 target price on DigitalOcean in a report on Wednesday. Piper Sandler raised their target price on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Cantor Fitzgerald upped their price target on DigitalOcean from $68.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.08.

DigitalOcean Stock Performance

Shares of DOCN opened at $164.65 on Friday. The company has a market capitalization of $17.18 billion, a PE ratio of 71.90 and a beta of 1.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 1.46. The company’s 50 day moving average price is $83.54 and its 200 day moving average price is $62.24. DigitalOcean Holdings, Inc. has a 52 week low of $25.56 and a 52 week high of $164.77.

DigitalOcean (NYSE:DOCN) last released its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The company had revenue of $257.91 million during the quarter, compared to the consensus estimate of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Research analysts expect that DigitalOcean Holdings, Inc. will post 0.45 EPS for the current fiscal year.

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.