Principal Financial Group Inc. Has $95.08 Million Position in DigitalOcean Holdings, Inc. $DOCN

Principal Financial Group Inc. increased its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 155.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,108,420 shares of the company’s stock after acquiring an additional 674,231 shares during the period. Principal Financial Group Inc.’s holdings in DigitalOcean were worth $95,080,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its position in DigitalOcean by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 10,001 shares of the company’s stock valued at $481,000 after buying an additional 185 shares during the last quarter. Allworth Financial LP raised its position in shares of DigitalOcean by 54.4% during the third 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. CWM LLC lifted its stake in shares of DigitalOcean by 1.3% during the fourth quarter. CWM LLC now owns 20,971 shares of the company’s stock valued at $1,009,000 after acquiring an additional 270 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of DigitalOcean during the first quarter valued at $33,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in DigitalOcean by 76.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 912 shares of the company’s stock valued at $79,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Key DigitalOcean News

Here are the key news stories impacting DigitalOcean this week:

• Positive Sentiment: KeyCorp raised its earnings estimates for DigitalOcean across multiple periods, including Q2, Q3, Q4, FY2026 and out years through FY2029, while keeping a Strong-Buy rating. Higher EPS forecasts suggest improving profitability expectations, which can support the stock.
• Positive Sentiment: DigitalOcean announced a plan to repurchase up to $500 million of its 2030 convertible senior notes, funded by a concurrent registered offering. Investors may view this as a balance-sheet optimization move that could reduce future dilution and improve capital structure flexibility. Article Title
• Neutral Sentiment: A Yahoo Finance piece argued that DOCN could be 29% undervalued based on 2026 revenue growth guidance. That supports the bull case, but it is an opinion-based valuation view rather than a company announcement. Article Title
• Neutral Sentiment: KeyCorp’s repeated estimate increases also reinforce the view that DigitalOcean’s earnings trajectory may be improving over the next several years, but these are still analyst projections, not actual results.

Insiders Place Their Bets

In related news, Director Hilary Schneider sold 4,338 shares of the firm’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 sale, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean 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 approximately $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders sold 39,338 shares of company stock valued at $6,191,576. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Stock Down 5.3%

Shares of NYSE DOCN opened at $119.55 on Thursday. The stock has a market cap of $12.48 billion, a P/E ratio of 52.20 and a beta of 1.57. The firm has a 50 day moving average price of $155.54 and a 200 day moving average price of $100.40. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. DigitalOcean Holdings, Inc. has a 52-week low of $25.56 and a 52-week high of $187.50.

DigitalOcean (NYSE:DOCN) last posted its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.17. The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Analysts expect that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DOCN shares. Bank of America lifted their price objective on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Barclays raised their target price on shares of DigitalOcean from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Piper Sandler lifted their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley boosted their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Citizens Jmp increased their price objective on shares of DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, DigitalOcean presently has a consensus rating of “Moderate Buy” and an average target price of $145.36.

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.