12,068 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, HoldingsChannel reports. The institutional investor bought 12,068 shares of the company’s stock, valued at approximately $1,895,000.

A number of other large investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of DigitalOcean by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock worth $11,342,000 after acquiring an additional 16,162 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of DigitalOcean by 59.2% during the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after acquiring an additional 14,655 shares during the last quarter. Amundi boosted its stake in shares of DigitalOcean by 126,552.2% during the second quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after acquiring an additional 29,107 shares during the last quarter. Jump Financial LLC purchased a new stake in DigitalOcean during the 2nd quarter worth about $3,212,000. Finally, Qube Research & Technologies Ltd increased its position in DigitalOcean by 69.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after purchasing an additional 170,339 shares in the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $160.00 in a report on Tuesday, July 21st. 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 report on Tuesday, May 5th. The Goldman Sachs Group boosted their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, William Blair restated an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DigitalOcean presently has an average rating of “Buy” and an average price target of $151.33.

Insider Transactions at DigitalOcean

In other news, CAO Cherie Barrett sold 4,456 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the transaction, the chief accounting officer owned 65,487 shares of the company’s stock, valued at approximately $8,668,514.19. This trade represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the transaction, the chief financial officer owned 538,414 shares in the company, valued at $91,568,068.98. The trade was a 1.82% decrease in their position. 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. Insiders sold 18,656 shares of company stock valued at $2,811,383 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Stock Up 0.7%

Shares of NYSE:DOCN opened at $115.12 on Friday. The stock has a 50-day simple moving average of $134.86 and a 200-day simple moving average of $113.48. The stock has a market capitalization of $12.01 billion, a P/E ratio of 52.57, a PEG ratio of 98.99 and a beta of 1.61. DigitalOcean Holdings, Inc. has a 1 year low of $30.05 and a 1 year high of $187.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.26 by $0.19. The firm had revenue of $281.18 million for the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. DigitalOcean’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. 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 analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

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.