DigitalOcean (NYSE:DOCN) Stock Price Up 11% – Here’s What Happened

Posted by Geri Gentry on Jul 21st, 2026

Shares of DigitalOcean Holdings, Inc. (NYSE:DOCN – Get Free Report) shot up 11% during mid-day trading on Tuesday . The company traded as high as $132.79 and last traded at $132.1740. Approximately 537,840 shares changed hands during trading, a decline of 86% from the average session volume of 3,834,250 shares. The stock had previously closed at $119.09.

Wall Street Analysts Forecast Growth

DOCN has been the subject of a number of recent analyst reports. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Morgan Stanley increased their target price on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Barclays decreased their target price on DigitalOcean from $184.00 to $160.00 and set an “overweight” rating on the stock in a research report on Tuesday. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.64.

View Our Latest Stock Report on DigitalOcean

DigitalOcean Trading Up 12.1%

The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 58.42 and a beta of 1.57. The company has a fifty day moving average of $153.07 and a 200-day moving average of $101.86.

DigitalOcean (NYSE:DOCN – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The company had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. During the same period in the previous year, the business earned $0.56 EPS. DigitalOcean’s quarterly revenue was up 22.4% on a year-over-year basis. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. As a group, equities research analysts anticipate that DigitalOcean Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the firm’s 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 owned 538,414 shares in the company, valued at approximately $91,568,068.98. This trade represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the transaction, the director owned 24,323 shares in the company, valued at $3,803,630.74. The trade was a 15.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,338 shares of company stock valued at $6,191,576 over the last quarter. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On DigitalOcean

A number of hedge funds have recently modified their holdings of DOCN. State of New Jersey Common Pension Fund D purchased a new stake in shares of DigitalOcean in the 4th quarter valued at approximately $2,358,000. New York State Teachers Retirement System raised its position in shares of DigitalOcean by 33.0% during the 4th quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock valued at $2,373,000 after buying an additional 12,229 shares during the period. SG Americas Securities LLC raised its position in shares of DigitalOcean by 266.1% during the 4th quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock valued at $8,042,000 after buying an additional 121,473 shares during the period. Legato Capital Management LLC acquired a new position in DigitalOcean in the fourth quarter valued at approximately $1,365,000. Finally, Campbell Newman Asset Management Inc. acquired a new position in DigitalOcean in the fourth quarter valued at approximately $2,101,000. 49.77% of the stock is currently owned by institutional investors and hedge funds.

DigitalOcean Company Profile

(Get 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.