KeyCorp Estimates DigitalOcean’s Q2 Earnings (NYSE:DOCN)

DigitalOcean Holdings, Inc. (NYSE:DOCN) – Research analysts at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for shares of DigitalOcean in a report released on Tuesday, June 2nd. KeyCorp analyst J. Ader expects that the company will post earnings of $0.07 per share for the quarter. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for DigitalOcean’s current full-year earnings is $0.55 per share. KeyCorp also issued estimates for DigitalOcean’s Q3 2026 earnings at $0.07 EPS, Q4 2026 earnings at $0.11 EPS, FY2026 earnings at $0.47 EPS and FY2029 earnings at $3.06 EPS.

DigitalOcean (NYSE:DOCN) last released its earnings results 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 company had revenue of $257.91 million for the quarter, compared to analysts’ expectations of $249.76 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The firm’s quarterly revenue 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.

Several other research firms have also recently issued reports on DOCN. Oppenheimer set a $190.00 target price on DigitalOcean in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a research report on Friday, March 27th. Barclays boosted their target price on DigitalOcean from $105.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup boosted their target price on DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Bank of America boosted their price target on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $146.36.

DigitalOcean Stock Performance

NYSE DOCN opened at $180.88 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $120.95 and its two-hundred day moving average is $78.77. DigitalOcean has a 12-month low of $25.56 and a 12-month high of $184.46. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 78.99 and a beta of 1.60.

Institutional Investors Weigh In On DigitalOcean

Several institutional investors have recently modified their holdings of DOCN. Principal Financial Group Inc. boosted its stake in shares of 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 acquiring an additional 674,231 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in DigitalOcean in the 3rd quarter valued at approximately $21,808,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 buying an additional 568,823 shares in the last quarter. Vanguard Group Inc. lifted its stake in DigitalOcean by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,889 shares of the company’s stock valued at $319,836,000 after buying an additional 442,617 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in DigitalOcean by 784.2% in the 4th quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock valued at $23,786,000 after buying an additional 438,411 shares in the last quarter. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Insider Activity at DigitalOcean

In other news, Director Hilary Schneider sold 4,338 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the sale, the director 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the sale, the chief financial officer directly owned 538,414 shares in the company, valued at $91,568,068.98. This trade represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold a total of 39,338 shares of company stock worth $6,191,576 in the last three months. Corporate insiders own 0.96% of the company’s stock.

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.