SSI Investment Management LLC purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 33,000 shares of the company’s stock, valued at approximately $37,000.
Several other large investors have also recently made changes to their positions in DOCN. EverSource Wealth Advisors LLC boosted its stake in shares of DigitalOcean by 14.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock valued at $47,000 after purchasing an additional 71 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. Maryland State Retirement & Pension System raised its position in DigitalOcean by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 10,001 shares of the company’s stock worth $481,000 after purchasing an additional 185 shares during the period. Hilltop National Bank bought a new stake in DigitalOcean in the second quarter worth $38,000. Finally, Allworth Financial LP lifted its stake in 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 last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at DigitalOcean
In other news, Director Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $124.01, for a total transaction of $520,842.00. Following the sale, the director owned 67,433 shares of the company’s stock, valued at approximately $8,362,366.33. The trade was a 5.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $132.37, for a total transaction of $589,840.72. Following the transaction, the chief accounting officer owned 65,487 shares in the company, valued at $8,668,514.19. This represents a 6.37% 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. In the last ninety days, insiders have sold 18,656 shares of company stock valued at $2,811,383. 0.96% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
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DigitalOcean Trading Down 6.9%
DOCN opened at $116.60 on Thursday. The business has a 50 day simple moving average of $137.14 and a two-hundred day simple moving average of $113.05. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 53.24, a PEG ratio of 107.22 and a beta of 1.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. DigitalOcean Holdings, Inc. has a one year low of $29.62 and a one year high of $187.50.
DigitalOcean (NYSE:DOCN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The firm had revenue of $281.18 million for the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Analysts predict that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.
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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