DigitalOcean Holdings, Inc. $DOCN Holdings Trimmed by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,188,882 shares of the company’s stock after selling 5,963 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.14% of DigitalOcean worth $101,982,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DOCN. Parallel Advisors LLC boosted its stake in shares of DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the period. Maryland State Retirement & Pension System increased its stake in shares of DigitalOcean by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 10,001 shares of the company’s stock worth $481,000 after acquiring an additional 185 shares during the last quarter. Allworth Financial LP raised its holdings in shares of DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares in the last quarter. CWM LLC raised its holdings in shares of DigitalOcean by 1.3% during the fourth quarter. CWM LLC now owns 20,971 shares of the company’s stock worth $1,009,000 after acquiring an additional 270 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in DigitalOcean during the first quarter valued at $33,000. 49.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Matt Steinfort sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the completion of the transaction, the chief financial officer owned 573,272 shares of the company’s stock, valued at approximately $87,423,980. The trade was a 4.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares in the company, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,338 shares of company stock valued at $6,191,576 in the last three months. 0.96% of the stock is owned by insiders.

DigitalOcean Stock Down 5.7%

Shares of DOCN stock opened at $123.65 on Friday. The stock’s 50 day simple moving average is $151.20 and its 200 day simple moving average is $103.88. DigitalOcean Holdings, Inc. has a twelve month low of $25.56 and a twelve month 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. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 53.99 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $249.76 million. During the same period in the previous year, the company earned $0.56 earnings per share. DigitalOcean’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. As a group, research analysts predict that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on DOCN shares. Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and upped their target price for the stock from $135.00 to $160.00 in a research report on Tuesday. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Piper Sandler increased their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Robert W. Baird initiated coverage on shares of DigitalOcean in a research report on Tuesday. They set an “outperform” rating and a $165.00 price objective on the stock. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $200.00 target price on shares of DigitalOcean in a research note on Friday, July 10th. Two investment 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, DigitalOcean presently has an average rating of “Buy” and an average price target of $151.93.

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.