Calamos Advisors LLC increased its position in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) by 133.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,378 shares of the company’s stock after acquiring an additional 35,658 shares during the quarter. Calamos Advisors LLC’s holdings in DigitalOcean were worth $5,351,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in DOCN. Allworth Financial LP boosted its position in shares of DigitalOcean by 54.4% in the third 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. Huntington National Bank raised its position in shares of DigitalOcean by 638.3% during the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after purchasing an additional 517 shares during the period. NBC Securities Inc. bought a new stake in shares of DigitalOcean during the 4th quarter valued at $32,000. Banque Cantonale Vaudoise purchased a new position in shares of DigitalOcean during the 1st quarter valued at $33,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of DigitalOcean during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.
DigitalOcean Stock Performance
DigitalOcean stock opened at $119.55 on Thursday. The company’s 50-day moving average price is $155.54 and its 200-day moving average price is $100.40. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The company has a market cap of $12.48 billion, a PE ratio of 52.20 and a beta of 1.57. DigitalOcean Holdings, Inc. has a twelve month low of $25.56 and a twelve month high of $187.50.
Insiders Place Their Bets
In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at $91,568,068.98. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Hilary Schneider sold 4,338 shares of the business’s stock in a transaction on Friday, May 15th. The shares were 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 in the company, valued at $3,803,630.74. This trade represents a 15.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 39,338 shares of company stock valued at $6,191,576. 0.96% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on DOCN shares. Citizens Jmp raised their price target on DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, March 26th. Piper Sandler increased their target price on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp started coverage on DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price on the stock. Morgan Stanley boosted their price target on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Bank of America upped their price target on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.36.
Read Our Latest Analysis on DOCN
Key DigitalOcean News
Here are the key news stories impacting DigitalOcean this week:
- Positive Sentiment: KeyCorp raised its earnings estimates for DigitalOcean across multiple periods, including Q2, Q3, Q4, FY2026 and out years through FY2029, while keeping a Strong-Buy rating. Higher EPS forecasts suggest improving profitability expectations, which can support the stock.
- Positive Sentiment: DigitalOcean announced a plan to repurchase up to $500 million of its 2030 convertible senior notes, funded by a concurrent registered offering. Investors may view this as a balance-sheet optimization move that could reduce future dilution and improve capital structure flexibility. Article Title
- Neutral Sentiment: A Yahoo Finance piece argued that DOCN could be 29% undervalued based on 2026 revenue growth guidance. That supports the bull case, but it is an opinion-based valuation view rather than a company announcement. Article Title
- Neutral Sentiment: KeyCorp’s repeated estimate increases also reinforce the view that DigitalOcean’s earnings trajectory may be improving over the next several years, but these are still analyst projections, not actual results.
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.
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