DigitalOcean Holdings, Inc. $DOCN Holdings Trimmed by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. trimmed its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 19.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,293,461 shares of the company’s stock after selling 317,210 shares during the quarter. DigitalOcean accounts for 3.7% of Van Berkom & Associates Inc.’s holdings, making the stock its 2nd biggest holding. Van Berkom & Associates Inc.’s holdings in DigitalOcean were worth $110,953,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the last quarter. Parallel Advisors LLC lifted its holdings in DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares in the last quarter. Huntington National Bank lifted its holdings in DigitalOcean by 638.3% during the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after buying an additional 517 shares in the last quarter. NBC Securities Inc. purchased a new stake in DigitalOcean in the 4th quarter valued at about $32,000. Finally, Banque Cantonale Vaudoise purchased a new stake in DigitalOcean in the 1st quarter valued at about $33,000. 49.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated Friday, May 15th. The shares were 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 approximately $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matt Steinfort sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the completion of the sale, the chief financial officer owned 573,272 shares in the company, valued at $87,423,980. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,338 shares of company stock worth $6,191,576 in the last quarter. 0.96% of the stock is owned by insiders.

DigitalOcean Stock Up 0.5%

Shares of NYSE DOCN opened at $119.56 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $12.48 billion, a PE ratio of 52.21 and a beta of 1.57. The stock’s fifty day simple moving average is $153.94 and its two-hundred day simple moving average is $101.37. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $187.50.

DigitalOcean (NYSE:DOCN) last released its quarterly 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. The firm had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, analysts expect that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DOCN has been the topic of a number of research reports. Bank of America raised their target price on shares of DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a report on Wednesday. Morgan Stanley increased 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. Piper Sandler raised their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group raised their price objective on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.