Hilary Schneider Sells 4,338 Shares of DigitalOcean (NYSE:DOCN) Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This trade represents a 15.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

DigitalOcean Stock Up 6.7%

Shares of DOCN opened at $160.11 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $101.77 and a two-hundred day moving average price of $69.68. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 69.92 and a beta of 1.42. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $164.77.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating 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 analyst estimates of $249.76 million. During the same period in the prior year, the company posted $0.56 EPS. The company’s revenue was up 22.4% compared to the same quarter last year. 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 predict that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Institutional Trading of DigitalOcean

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in DigitalOcean by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock worth $11,342,000 after buying an additional 16,162 shares in the last quarter. Intech Investment Management LLC increased its position in DigitalOcean by 59.2% in the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after acquiring an additional 14,655 shares in the last quarter. Amundi increased its position in DigitalOcean by 126,552.2% in the 2nd quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after acquiring an additional 29,107 shares in the last quarter. Jump Financial LLC bought a new position in shares of DigitalOcean in the second quarter worth about $3,212,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of DigitalOcean by 69.7% in the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after acquiring an additional 170,339 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DOCN. Stifel Nicolaus set a $57.00 price objective on DigitalOcean in a report on Tuesday, February 24th. Barclays upped their target price on shares of DigitalOcean from $105.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley increased their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group boosted their price target on shares of DigitalOcean from $120.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Citigroup upped their price objective on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.23.

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.