D L Carlson Investment Group Inc. Takes $6.65 Million Position in DigitalOcean Holdings, Inc. $DOCN

D L Carlson Investment Group Inc. bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,368 shares of the company’s stock, valued at approximately $6,653,000. DigitalOcean comprises approximately 1.1% of D L Carlson Investment Group Inc.’s holdings, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its stake in DigitalOcean by 11.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,420,341 shares of the company’s stock valued at $116,467,000 after buying an additional 252,303 shares during the last quarter. Lazard Asset Management LLC lifted its position in DigitalOcean by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock worth $47,430,000 after acquiring an additional 426,264 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of DigitalOcean by 2.9% during the fourth quarter. Van Berkom & Associates Inc. now owns 1,610,671 shares of the company’s stock worth $77,505,000 after acquiring an additional 45,680 shares during the period. First Trust Advisors LP grew its position in shares of DigitalOcean by 9.3% in the first quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock valued at $123,622,000 after purchasing an additional 122,675 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of DigitalOcean by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,695 shares of the company’s stock valued at $65,432,000 after purchasing an additional 31,682 shares during the last quarter. Institutional investors own 49.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird started coverage on DigitalOcean in a research note on Tuesday, July 21st. They set an “outperform” rating and a $165.00 target price on the stock. Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $160.00 in a research report on Tuesday, July 21st. Barclays lifted their target price on DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, William Blair reissued an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $151.33.

DigitalOcean Stock Down 1.7%

NYSE DOCN opened at $114.73 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 99.87 and a beta of 1.61. The company has a 50 day moving average of $135.95 and a 200-day moving average of $113.47. DigitalOcean Holdings, Inc. has a 1-year low of $29.62 and a 1-year high of $187.50.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (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 for the quarter, compared to the consensus estimate of $279.03 million. During the same quarter in the prior year, the business posted $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. On average, equities research analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Matt Steinfort sold 10,000 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Warren J. Adelman sold 4,200 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of the transaction, the director owned 67,433 shares in the company, valued at $8,362,366.33. The trade was a 5.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,656 shares of company stock worth $2,811,383. 0.96% of the stock is currently owned by company insiders.

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.