DigitalOcean (NYSE:DOCN) CAO Sells $421,334.05 in Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) CAO Cherie Barrett sold 3,985 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $421,334.05. Following the completion of the sale, the chief accounting officer owned 58,399 shares of the company’s stock, valued at $6,174,526.27. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.

Cherie Barrett also recently made the following trade(s):

• On Thursday, August 13th, Cherie Barrett sold 4,456 shares of DigitalOcean stock. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72.

DigitalOcean Stock Performance

DOCN opened at $112.42 on Friday. DigitalOcean Holdings, Inc. has a twelve month low of $32.35 and a twelve month high of $187.50. The firm has a market capitalization of $11.73 billion, a PE ratio of 51.33, a PEG ratio of 96.28 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $124.52 and its 200 day moving average price is $116.97.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The company had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. During the same quarter in the prior year, the firm earned $0.39 EPS. DigitalOcean’s quarterly revenue 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, sell-side analysts expect that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On DigitalOcean

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilltop National Bank acquired a new stake in shares of DigitalOcean during the 2nd quarter worth about $38,000. Rakuten Securities Inc. purchased a new stake in DigitalOcean in the 2nd quarter valued at about $43,000. Parallel Advisors LLC lifted its position in DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in DigitalOcean during the first quarter worth about $33,000. Finally, LRI Investments LLC purchased a new position in DigitalOcean during the second quarter worth about $64,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DOCN shares. KeyCorp assumed coverage on DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective on the stock. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $160.00 in a report on Tuesday, July 21st. Citigroup raised their target price on DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group reiterated a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. Finally, Truist Financial initiated coverage on shares of DigitalOcean in a research report on Thursday, August 27th. They set a “buy” rating and a $175.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $152.81.

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.