DigitalOcean Holdings, Inc. $DOCN Holdings Decreased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 47.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,817 shares of the company’s stock after selling 15,819 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DigitalOcean were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in DigitalOcean by 14.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock valued at $47,000 after acquiring an additional 71 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after purchasing an additional 129 shares in the last quarter. Maryland State Retirement & Pension System lifted its position 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 purchasing an additional 185 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of DigitalOcean during the second quarter worth approximately $38,000. Finally, Allworth Financial LP grew its position in DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $1,057,300.00. Following the completion of the sale, the chief financial officer owned 503,692 shares of the company’s stock, valued at $53,255,355.16. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Adelman sold 4,200 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $124.01, for a total value of $520,842.00. Following the sale, the director owned 67,433 shares of the company’s stock, valued at approximately $8,362,366.33. This trade represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,641 shares of company stock worth $2,589,317 over the last three months. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Stock Performance

DOCN stock opened at $112.42 on Friday. 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 company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of 93.65 and a beta of 1.57. DigitalOcean Holdings, Inc. has a 12 month low of $32.35 and a 12 month high of $187.50. The firm has a 50 day moving average of $124.52 and a two-hundred day moving average of $116.97.

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. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business had revenue of $281.18 million for the quarter, compared to the consensus estimate of $279.03 million. During the same quarter last year, the firm earned $0.39 EPS. DigitalOcean’s revenue for the quarter was up 28.6% on a year-over-year basis. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, equities analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DOCN has been the subject of a number of research analyst reports. KeyCorp began coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price for the company. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $160.00 in a report on Tuesday, July 21st. UBS Group dropped their price target on shares of DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $200.00 price objective on shares of DigitalOcean in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, DigitalOcean currently has a consensus rating of “Buy” and a consensus target price of $152.81.

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.