Silvant Capital Management LLC purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,961 shares of the company’s stock, valued at approximately $5,647,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in DigitalOcean by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock worth $11,342,000 after acquiring an additional 16,162 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of DigitalOcean by 59.2% in the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock worth $1,317,000 after acquiring an additional 14,655 shares during the last quarter. Amundi raised its stake in shares of DigitalOcean by 126,552.2% in the second quarter. Amundi now owns 29,130 shares of the company’s stock worth $827,000 after acquiring an additional 29,107 shares during the last quarter. Jump Financial LLC acquired a new position in shares of DigitalOcean during the second quarter worth approximately $3,212,000. Finally, Qube Research & Technologies Ltd lifted its position in shares of DigitalOcean by 69.7% during the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after purchasing an additional 170,339 shares in the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.
Insiders Place Their Bets
In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the company’s 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 sale, the chief financial officer owned 538,414 shares in the company, valued at approximately $91,568,068.98. The trade was a 1.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Warren J. Adelman sold 4,200 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares in the company, valued at approximately $8,362,366.33. This trade represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,656 shares of company stock valued at $2,811,383. Company insiders own 0.96% of the company’s stock.
DigitalOcean Stock Down 1.7%
DigitalOcean (NYSE:DOCN – Get Free Report) last posted its quarterly earnings results 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. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. During the same period in the previous year, the firm posted $0.39 earnings per share. DigitalOcean’s revenue for the quarter was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. On average, sell-side analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. 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. Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Oppenheimer set a $190.00 price objective on DigitalOcean in a report on Wednesday, May 6th. UBS Group lowered their target price on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Piper Sandler lifted their target price on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $151.33.
View Our Latest Stock Report on DOCN
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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