Swiss National Bank Has $12.98 Million Position in DigitalOcean Holdings, Inc. $DOCN

Swiss National Bank boosted its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,300 shares of the company’s stock after acquiring an additional 16,600 shares during the period. Swiss National Bank’s holdings in DigitalOcean were worth $12,979,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of DigitalOcean by 155.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock valued at $95,080,000 after acquiring an additional 674,231 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of DigitalOcean in the third quarter worth $21,808,000. Arrowstreet Capital Limited Partnership increased its position in shares of DigitalOcean by 90.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock worth $57,496,000 after purchasing an additional 568,823 shares during the period. Franklin Resources Inc. raised its position in shares of DigitalOcean by 784.2% in the 4th quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock valued at $23,786,000 after buying an additional 438,411 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of DigitalOcean during the 3rd quarter worth approximately $14,582,000. 49.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOCN has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Robert W. Baird initiated coverage on shares of DigitalOcean in a research note on Tuesday. They issued an “outperform” rating and a $165.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $151.93.

DigitalOcean Price Performance

DigitalOcean stock opened at $123.65 on Friday. The stock has a 50-day moving average price of $151.20 and a two-hundred day moving average price of $103.88. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $187.50. The company has a market capitalization of $12.90 billion, a PE ratio of 53.99 and a beta of 1.57. 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 (NYSE:DOCN) last released its quarterly 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. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The company had revenue of $257.90 million for the quarter, compared to analysts’ expectations of $249.76 million. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. 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.

Insider Activity at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value 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 approximately $91,568,068.98. This represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the transaction, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. The trade was a 15.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 39,338 shares of company stock worth $6,191,576. 0.96% of the stock is owned by corporate insiders.

DigitalOcean 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.