Y Intercept Hong Kong Ltd Invests $8.71 Million in DigitalOcean Holdings, Inc. $DOCN

Y Intercept Hong Kong Ltd bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,493 shares of the company’s stock, valued at approximately $8,714,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of DigitalOcean as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new position in shares of DigitalOcean during the fourth quarter worth about $2,358,000. New York State Teachers Retirement System raised its holdings in DigitalOcean by 33.0% during the fourth quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock worth $2,373,000 after purchasing an additional 12,229 shares in the last quarter. Legato Capital Management LLC acquired a new stake in DigitalOcean in the fourth quarter valued at about $1,365,000. Campbell Newman Asset Management Inc. acquired a new stake in DigitalOcean in the fourth quarter valued at about $2,101,000. Finally, Fortis Capital Advisors LLC purchased a new stake in DigitalOcean in the 4th quarter valued at approximately $1,020,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Insider Transactions at DigitalOcean

In related news, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the sale, the chief financial officer directly owned 573,272 shares of the company’s stock, valued at approximately $87,423,980. This represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of DigitalOcean 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 transaction, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. The trade was a 15.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 43,538 shares of company stock valued at $6,712,418 in the last 90 days. 0.96% of the stock is currently owned by insiders.

DigitalOcean Price Performance

Shares of NYSE:DOCN opened at $133.18 on Thursday. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 60.81, a price-to-earnings-growth ratio of 103.46 and a beta of 1.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50 day simple moving average is $141.53 and its 200-day simple moving average is $110.58. DigitalOcean Holdings, Inc. has a 12 month low of $29.62 and a 12 month high of $187.50.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data 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. The firm had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.DigitalOcean’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. 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 forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays boosted their target price on DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Piper Sandler raised their price target on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Oppenheimer set a $190.00 price target on DigitalOcean in a research note on Wednesday, May 6th. KeyCorp assumed coverage on DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective on the stock. Finally, Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $160.00 in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $151.33.

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.