DigitalOcean (NYSE:DOCN) CAO Cherie Barrett Sells 4,456 Shares

DigitalOcean Holdings, Inc. (NYSE:DOCN) CAO Cherie Barrett sold 4,456 shares of DigitalOcean stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72. Following the sale, the chief accounting officer directly owned 65,487 shares of the company’s stock, valued at $8,668,514.19. This represents a 6.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DigitalOcean Stock Performance

DOCN stock opened at $135.14 on Tuesday. DigitalOcean Holdings, Inc. has a twelve month low of $29.62 and a twelve month high of $187.50. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. The company has a market cap of $14.10 billion, a P/E ratio of 61.71, a price-to-earnings-growth ratio of 111.22 and a beta of 1.61. The business’s fifty day moving average is $139.08 and its 200-day moving average is $112.17.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The business had revenue of $281.18 million during the quarter, compared to analysts’ expectations of $279.03 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Equities research analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DOCN shares. William Blair reaffirmed an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. The Goldman Sachs Group boosted their price target on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird started coverage on shares of DigitalOcean in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price objective for the company. Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $160.00 in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $151.33.

Institutional Trading of DigitalOcean

A number of institutional investors have recently made changes to their positions in DOCN. Bank of America Corp DE bought a new position in DigitalOcean in the second quarter valued at $241,945,000. Principal Financial Group Inc. lifted its position in DigitalOcean by 155.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock worth $95,080,000 after buying an additional 674,231 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of DigitalOcean during the 3rd quarter worth about $21,808,000. Bank of New York Mellon Corp acquired a new position in shares of DigitalOcean during the 2nd quarter worth about $98,011,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of DigitalOcean by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock valued at $57,496,000 after acquiring an additional 568,823 shares in the last quarter. Institutional investors own 49.77% of the company’s stock.

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.