Telemark Asset Management LLC Buys Shares of 200,000 DigitalOcean Holdings, Inc. $DOCN

Telemark Asset Management LLC acquired a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $9,624,000.

A number of other hedge funds have also recently made changes to their positions in DOCN. Allworth Financial LP lifted its holdings in shares of DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares during the last quarter. Huntington National Bank lifted its holdings in shares of DigitalOcean by 638.3% in the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after acquiring an additional 517 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of DigitalOcean in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DigitalOcean in the 3rd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of DigitalOcean by 164.9% in the 4th quarter. Hantz Financial Services Inc. now owns 898 shares of the company’s stock worth $43,000 after acquiring an additional 559 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Stock Down 5.9%

Shares of NYSE DOCN opened at $169.92 on Friday. 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 $184.46. The firm has a market capitalization of $17.73 billion, a PE ratio of 74.20 and a beta of 1.60. The firm has a fifty day simple moving average of $122.61 and a two-hundred day simple moving average of $79.41.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data 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 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 analyst estimates of $249.76 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. 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 0.54 earnings per share for the current year.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 25,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the transaction, the chief financial officer directly owned 573,272 shares in the company, valued at approximately $87,423,980. This represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hilary Schneider sold 4,338 shares of the company’s stock in a transaction 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 transaction, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 39,338 shares of company stock valued at $6,191,576 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DOCN has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of DigitalOcean from $105.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. KeyCorp initiated coverage on shares of DigitalOcean in a report on Tuesday. They issued an “overweight” rating and a $200.00 price objective for the company. Canaccord Genuity Group boosted their price objective on shares of DigitalOcean from $120.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Citigroup boosted their price objective on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Piper Sandler boosted their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.36.

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.