Legal & General Group Plc Lowers Stock Holdings in DigitalOcean Holdings, Inc. $DOCN

Posted by Brenda Bartman on Jun 6th, 2026

Legal & General Group Plc lessened its position in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 172,551 shares of the company’s stock after selling 8,027 shares during the quarter. Legal & General Group Plc’s holdings in DigitalOcean were worth $8,303,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of DigitalOcean during the fourth quarter worth approximately $32,000. Allworth Financial LP increased its stake in DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares during the last quarter. Hantz Financial Services Inc. increased its stake in DigitalOcean by 164.9% during the fourth quarter. Hantz Financial Services Inc. now owns 898 shares of the company’s stock worth $43,000 after acquiring an additional 559 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in DigitalOcean during the third quarter worth $37,000. Finally, GAMMA Investing LLC increased its stake in DigitalOcean by 33.8% during the fourth quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the last quarter. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DOCN. Royal Bank Of Canada set a $60.00 price objective on DigitalOcean in a research note on Tuesday, February 24th. Canaccord Genuity Group upped their price objective on DigitalOcean from $120.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Bank of America upped their price objective on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. KeyCorp assumed coverage on DigitalOcean in a research report on Tuesday. They issued an “overweight” rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group upped their target price on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, DigitalOcean currently has an average rating of “Moderate Buy” and a consensus price target of $146.36.

Check Out Our Latest Analysis on DOCN

DigitalOcean Stock Performance

Shares of DOCN stock opened at $169.92 on Friday. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 74.20 and a beta of 1.60. The stock has a 50 day simple moving average of $122.61 and a 200-day simple moving average of $79.41. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $184.46. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92.

DigitalOcean (NYSE:DOCN – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The business had revenue of $257.91 million during the quarter, compared to the consensus estimate of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. 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, equities analysts forecast that DigitalOcean Holdings, Inc. will post 0.54 EPS for the current year.

Insider Buying and Selling

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

DigitalOcean Profile

(Free Report)

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.