AlphaCore Capital LLC Acquires New Position in DigitalOcean Holdings, Inc. $DOCN

AlphaCore Capital LLC bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,095 shares of the company’s stock, valued at approximately $582,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in DigitalOcean in the fourth quarter valued at $32,000. Allworth Financial LP lifted its holdings in DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in DigitalOcean in the third quarter valued at $37,000. GAMMA Investing LLC lifted its holdings in DigitalOcean by 33.8% in the fourth quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in DigitalOcean in the third quarter valued at $54,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Trading Up 1.8%

Shares of DigitalOcean stock opened at $150.01 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. DigitalOcean Holdings, Inc. has a 1 year low of $25.56 and a 1 year high of $164.77. The company has a market capitalization of $15.66 billion, a P/E ratio of 65.51 and a beta of 1.42. The business has a 50 day moving average price of $99.72 and a 200 day moving average price of $68.82.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) 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 firm had revenue of $257.91 million during the quarter, compared to the consensus estimate of $249.76 million. During the same period in the previous year, the firm posted $0.56 EPS. The company’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. Sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

DOCN has been the subject of a number of research reports. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a research report on Wednesday, May 6th. Stifel Nicolaus set a $57.00 price target on shares of DigitalOcean in a research report on Tuesday, February 24th. Barclays lifted their price target on shares of DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. UBS Group lifted their price target on shares of DigitalOcean to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DigitalOcean in a research note on Friday, March 27th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.23.

Insider Activity at DigitalOcean

In related news, CFO Matt Steinfort sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of 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. In the last quarter, insiders sold 71,338 shares of company stock valued at $6,803,816. 0.96% of the stock is owned by 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.