9,297 Shares in DigitalOcean Holdings, Inc. $DOCN Bought by MRA Advisory Group

MRA Advisory Group acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, HoldingsChannel.com reports. The firm acquired 9,297 shares of the company’s stock, valued at approximately $1,460,000.

A number of other institutional investors also recently bought and sold shares of DOCN. Principal Financial Group Inc. boosted its position in DigitalOcean by 155.3% in the first quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock worth $95,080,000 after purchasing an additional 674,231 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of DigitalOcean during the 3rd quarter valued at about $21,808,000. Arrowstreet Capital Limited Partnership increased its position in shares of DigitalOcean by 90.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock valued at $57,496,000 after purchasing an additional 568,823 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of DigitalOcean by 784.2% in the 4th quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock worth $23,786,000 after purchasing an additional 438,411 shares during the period. Finally, Danske Bank A S purchased a new position in shares of DigitalOcean in the third quarter worth approximately $14,582,000. Institutional investors own 49.77% of the company’s stock.

Analyst Ratings Changes

DOCN has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Piper Sandler lifted their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. UBS Group cut their price objective on shares of DigitalOcean from $155.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $200.00 price objective on shares of DigitalOcean in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.33.

DigitalOcean Trading Up 1.6%

DigitalOcean stock opened at $124.16 on Friday. The firm has a 50 day moving average of $144.25 and a 200 day moving average of $108.58. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 56.69, a P/E/G ratio of 111.35 and a beta of 1.61. DigitalOcean Holdings, Inc. has a 12-month low of $28.79 and a 12-month high of $187.50. The company has a current ratio of 1.31, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $0.39 earnings per share. The company’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, research analysts predict that DigitalOcean Holdings, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling at DigitalOcean

In related news, Director Hilary Schneider sold 4,338 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the transaction, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matt Steinfort sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer owned 538,414 shares of the company’s stock, valued at $91,568,068.98. The trade was a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 have sold a total of 39,338 shares of company stock worth $6,191,576 over the last 90 days. Insiders own 0.96% of the company’s stock.

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.