Sincerus Advisory LLC Lowers Stock Position in DigitalOcean Holdings, Inc. $DOCN

Posted by George Bondi on Aug 4th, 2026

Sincerus Advisory LLC trimmed its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) by 33.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,474 shares of the company’s stock after selling 13,662 shares during the quarter. DigitalOcean makes up 2.9% of Sincerus Advisory LLC’s holdings, making the stock its 9th biggest position. Sincerus Advisory LLC’s holdings in DigitalOcean were worth $4,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D purchased a new position in DigitalOcean in the fourth quarter valued at approximately $2,358,000. New York State Teachers Retirement System increased its position in DigitalOcean by 33.0% in the fourth quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock worth $2,373,000 after buying an additional 12,229 shares during the last quarter. Legato Capital Management LLC purchased a new stake in DigitalOcean in the fourth quarter worth $1,365,000. Campbell Newman Asset Management Inc. bought a new stake in shares of DigitalOcean in the fourth quarter valued at $2,101,000. Finally, Summit Creek Advisors LLC bought a new stake in shares of DigitalOcean in the fourth quarter valued at $7,126,000. 49.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DOCN. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $160.00 in a research note on Tuesday, July 21st. William Blair restated an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Morgan Stanley boosted their price objective on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of DigitalOcean in a report on Friday, July 10th. Finally, Oppenheimer set a $190.00 target price on shares of DigitalOcean in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, DigitalOcean presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.93.

View Our Latest Stock Report on DOCN

Insider Transactions at DigitalOcean

In related news, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the sale, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold a total of 39,338 shares of company stock worth $6,191,576 in the last three months. 0.96% of the stock is currently owned by insiders.

DigitalOcean Trading Up 9.0%

NYSE:DOCN opened at $128.13 on Tuesday. DigitalOcean Holdings, Inc. has a 1 year low of $26.20 and a 1 year high of $187.50. The stock’s fifty day moving average price is $146.62 and its two-hundred day moving average price is $106.94. 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 $13.37 billion, a P/E ratio of 55.95 and a beta of 1.61.

DigitalOcean (NYSE:DOCN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating 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 analysts’ expectations of $249.76 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, analysts expect that DigitalOcean Holdings, Inc. will post 0.57 EPS for the current year.

About DigitalOcean

(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.