Strs Ohio Has $575,000 Holdings in DigitalOcean Holdings, Inc. $DOCN

Strs Ohio grew its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 1,575.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,700 shares of the company’s stock after acquiring an additional 6,300 shares during the quarter. Strs Ohio’s holdings in DigitalOcean were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Alyeska Investment Group L.P. bought a new stake in shares of DigitalOcean during 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 purchasing an additional 568,823 shares during the last quarter. 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 purchasing an additional 438,411 shares during the last quarter. Danske Bank A S acquired a new stake in DigitalOcean in the third quarter valued at approximately $14,582,000. Finally, Lazard Asset Management LLC boosted its position in DigitalOcean by 34.5% in the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock valued at $47,430,000 after buying an additional 426,264 shares in the last quarter. Institutional investors own 49.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DigitalOcean in a report on Wednesday, June 24th. Bank of America lifted their price target on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. The Goldman Sachs Group boosted their price target on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Piper Sandler upped their price objective on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.36.

Insider Transactions at DigitalOcean

In other news, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction dated 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 of the company’s stock, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 39,338 shares of company stock valued at $6,191,576. Company insiders own 0.96% of the company’s stock.

DigitalOcean Trading Up 0.5%

NYSE:DOCN opened at $141.13 on Friday. DigitalOcean Holdings, Inc. has a 52 week low of $25.56 and a 52 week 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 firm’s fifty day moving average is $155.69 and its 200-day moving average is $98.28. The firm has a market cap of $14.73 billion, a P/E ratio of 61.63 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last announced its earnings results 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. The business had revenue of $257.90 million during the quarter, compared to the consensus estimate of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. DigitalOcean’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Equities analysts expect that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current year.

DigitalOcean 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.