DigitalOcean Holdings, Inc. $DOCN Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 9.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,441,151 shares of the company’s stock after purchasing an additional 122,675 shares during the quarter. First Trust Advisors LP’s holdings in DigitalOcean were worth $123,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP raised its holdings in DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares in the last quarter. Parallel Advisors LLC increased its position in shares of DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after purchasing an additional 129 shares during the last quarter. Huntington National Bank increased its position in shares of DigitalOcean by 638.3% in the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after purchasing an additional 517 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of DigitalOcean in the 4th quarter valued at about $32,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of DigitalOcean in the 1st quarter valued at about $33,000. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DigitalOcean

In other news, Director Hilary Schneider sold 4,338 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the sale, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the sale, the chief financial officer owned 538,414 shares in the company, valued at approximately $91,568,068.98. The trade was a 1.82% 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. In the last three months, insiders have sold 39,338 shares of company stock worth $6,191,576. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Price Performance

Shares of NYSE DOCN opened at $131.55 on Friday. DigitalOcean Holdings, Inc. has a 1-year low of $25.56 and a 1-year high of $187.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. The business’s fifty day moving average price is $151.83 and its two-hundred day moving average price is $103.74. The firm has a market capitalization of $13.73 billion, a PE ratio of 57.44 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last posted its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The firm had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. During the same period in the previous year, the business posted $0.56 EPS. DigitalOcean’s revenue was up 22.4% on a year-over-year basis. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, research analysts expect that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on DOCN shares. Oppenheimer set a $190.00 price objective on DigitalOcean in a research note on Wednesday, May 6th. Canaccord Genuity Group reissued a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a research report on Friday, July 10th. The Goldman Sachs Group raised their price objective on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. William Blair reaffirmed an “outperform” rating on shares of DigitalOcean in a report on Wednesday, July 15th. Finally, Bank of America boosted their target price on shares of DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, DigitalOcean has an average rating of “Buy” and a consensus price target of $151.93.

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.