76,026 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by E20 Capital Ltd

E20 Capital Ltd bought a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,026 shares of the company’s stock, valued at approximately $11,938,000. DigitalOcean accounts for about 1.0% of E20 Capital Ltd’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in shares of DigitalOcean in the 2nd quarter worth $38,000. Rakuten Securities Inc. acquired a new stake in shares of DigitalOcean in the second quarter valued at $43,000. Parallel Advisors LLC boosted its stake in DigitalOcean by 66.2% during the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in DigitalOcean during the first quarter valued at about $33,000. Finally, LRI Investments LLC acquired a new position in DigitalOcean during the second quarter worth about $64,000. 49.77% of the stock is owned by institutional investors.

DigitalOcean Trading Down 0.4%

Shares of NYSE DOCN opened at $115.12 on Monday. DigitalOcean Holdings, Inc. has a 12 month low of $30.05 and a 12 month high of $187.50. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 98.99 and a beta of 1.61. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $134.86 and a 200-day simple moving average of $113.86.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. The business had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.DigitalOcean’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Sell-side analysts predict that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the firm’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 trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 DigitalOcean stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total transaction of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares in the company, valued at approximately $8,362,366.33. This trade represents a 5.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,656 shares of company stock worth $2,811,383 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on DOCN. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Citigroup raised their price objective on shares of DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. KeyCorp began coverage on shares of DigitalOcean in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price on the stock. Finally, Piper Sandler increased their target price on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $151.33.

About DigitalOcean

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.