DigitalOcean Holdings, Inc. $DOCN Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 35.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,133 shares of the company’s stock after selling 3,962 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in DigitalOcean were worth $1,120,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares during the period. Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 129 shares during the period. Huntington National Bank lifted its position in shares of DigitalOcean by 638.3% during the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after purchasing an additional 517 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of DigitalOcean during the first quarter worth $33,000. Finally, Optiver Holding B.V. lifted its position in shares of DigitalOcean by 1,063.9% during the first quarter. Optiver Holding B.V. now owns 419 shares of the company’s stock worth $36,000 after purchasing an additional 383 shares in the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the sale, the chief accounting officer owned 65,487 shares of the company’s stock, valued at approximately $8,668,514.19. The trade was a 6.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $1,057,300.00. Following the completion of the sale, the chief financial officer owned 503,692 shares in the company, valued at approximately $53,255,355.16. This trade represents a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold a total of 22,641 shares of company stock valued at $2,589,317 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DOCN shares. Robert W. Baird assumed coverage on shares of DigitalOcean in a report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 price target for the company. UBS Group cut their price objective on shares of DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 price objective on shares of DigitalOcean in a research report on Friday, July 10th. Weiss Ratings downgraded DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $160.00 in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.81.

DigitalOcean Stock Down 1.4%

DOCN stock opened at $130.78 on Friday. DigitalOcean Holdings, Inc. has a twelve month low of $33.69 and a twelve month high of $187.50. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $13.65 billion, a P/E ratio of 59.72, a PEG ratio of 113.57 and a beta of 1.57. The firm has a 50 day simple moving average of $122.95 and a 200-day simple moving average of $118.97.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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 net margin of 23.26% and a return on equity of 31.01%. The business’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. On average, equities research analysts predict that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

DigitalOcean Company Profile

DigitalOcean Holdings, Inc provides cloud computing services designed primarily for developers, startups, and small and medium-sized businesses. Its platform offers on-demand infrastructure and developer tools intended to simplify the process of building, deploying, and scaling applications.

The company’s products include virtual machines known as Droplets, managed Kubernetes, managed databases, object storage through Spaces, block storage, networking services, and App Platform, a platform-as-a-service offering for application deployment.