Caxton Associates LLP Takes Position in DigitalOcean Holdings, Inc. $DOCN

Caxton Associates LLP acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 18,750 shares of the company’s stock, valued at approximately $1,608,000.

A number of other large investors have also recently bought and sold shares of the business. Allworth Financial LP increased its position in DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after buying an additional 255 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after buying an additional 129 shares during the last quarter. Huntington National Bank lifted its position in shares of DigitalOcean by 638.3% in the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after buying an additional 517 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of DigitalOcean during the 4th quarter worth about $32,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of DigitalOcean during the 1st quarter worth about $33,000. 49.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DOCN shares. Robert W. Baird assumed coverage on DigitalOcean in a report on Tuesday. They set an “outperform” rating and a $165.00 price objective on the stock. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $160.00 in a report on Tuesday. Morgan Stanley upped their target price on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. KeyCorp started coverage on DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price target on the stock. Finally, Weiss Ratings raised shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $151.93.

Insider Buying and Selling

In other news, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at $91,568,068.98. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director Hilary Schneider sold 4,338 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the sale, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This 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 worth $6,191,576 in the last ninety days. Insiders own 0.96% of the company’s stock.

DigitalOcean Trading Down 5.7%

Shares of NYSE:DOCN opened at $123.65 on Friday. The company has a market cap of $12.90 billion, a P/E ratio of 53.99 and a beta of 1.57. The stock’s 50-day moving average is $151.20 and its 200-day moving average is $103.88. DigitalOcean Holdings, Inc. has a 52-week low of $25.56 and a 52-week high of $187.50. 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 (NYSE:DOCN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same period in the previous year, the company posted $0.56 earnings per share. The firm’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 research analysts predict that DigitalOcean Holdings, Inc. will post 0.56 earnings per share for the current 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.