Louisiana State Employees Retirement System purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 30,400 shares of the company’s stock, valued at approximately $2,608,000.
Other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of DigitalOcean in the 1st quarter worth approximately $33,000. Huntington National Bank increased its holdings in DigitalOcean by 638.3% in the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after buying an additional 517 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of DigitalOcean in the fourth quarter worth approximately $32,000. Allworth Financial LP grew its position in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of DigitalOcean by 417.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 782 shares of the company’s stock worth $38,000 after acquiring an additional 631 shares during the period. Institutional investors own 49.77% of the company’s stock.
Insider Buying and Selling
In related news, Director Hilary Schneider sold 4,338 shares of the 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 transaction, the director owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief financial officer directly owned 538,414 shares in the company, valued at $91,568,068.98. The trade was 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. Insiders sold 39,338 shares of company stock valued at $6,191,576 in the last quarter. 0.96% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on DigitalOcean
DigitalOcean Stock Up 0.2%
Shares of NYSE DOCN opened at $139.57 on Monday. DigitalOcean Holdings, Inc. has a 1 year low of $25.56 and a 1 year high of $187.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $14.57 billion, a P/E ratio of 60.95 and a beta of 1.59. The firm has a 50-day simple moving average of $147.26 and a two-hundred day simple moving average of $92.39.
DigitalOcean (NYSE:DOCN – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.27 by $0.17. The company had revenue of $257.90 million for 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%.DigitalOcean’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. Research analysts anticipate that DigitalOcean Holdings, Inc. will post 0.54 earnings per share for the current year.
DigitalOcean 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.
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