Three Seasons Wealth LLC Buys New Position in DigitalOcean Holdings, Inc. $DOCN

Three Seasons Wealth LLC purchased a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,270 shares of the company’s stock, valued at approximately $985,000.

Several other institutional investors also recently added to or reduced their stakes in DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of DigitalOcean by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock valued at $11,342,000 after acquiring an additional 16,162 shares during the period. Intech Investment Management LLC grew its position in shares of DigitalOcean by 59.2% during the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock worth $1,317,000 after acquiring an additional 14,655 shares during the last quarter. Amundi increased its holdings in shares of 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 during the period. Jump Financial LLC acquired a new position in shares of DigitalOcean in the 2nd quarter valued at $3,212,000. Finally, Qube Research & Technologies Ltd raised its position in DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after purchasing an additional 170,339 shares during the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Citigroup upped their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. KeyCorp began coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. Finally, Robert W. Baird began coverage on DigitalOcean in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $152.81.

DigitalOcean Trading Up 2.8%

Shares of DigitalOcean stock opened at $112.42 on Friday. DigitalOcean Holdings, Inc. has a 52-week low of $32.35 and a 52-week high of $187.50. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. The company’s 50-day simple moving average is $124.52 and its 200-day simple moving average is $116.97. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 93.65 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The firm had revenue of $281.18 million for the quarter, compared to the consensus estimate of $279.03 million. During the same period in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. 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 research analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer directly owned 503,692 shares of the company’s stock, valued at $53,255,355.16. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Also, Director Warren Adelman sold 4,200 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $124.01, for a total transaction of $520,842.00. Following the completion of the transaction, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. This represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,641 shares of company stock worth $2,589,317. Corporate 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.