DigitalOcean (NYSE:DOCN) Director Hilary Schneider Sells 4,338 Shares

DigitalOcean Holdings, Inc. (NYSE:DOCNGet Free Report) Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the transaction, the director directly owned 24,323 shares in the company, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

DigitalOcean Trading Up 1.8%

NYSE:DOCN traded up $2.58 during midday trading on Tuesday, hitting $150.01. The stock had a trading volume of 3,880,998 shares, compared to its average volume of 4,066,515. DigitalOcean Holdings, Inc. has a one year low of $25.56 and a one year high of $164.77. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 65.51 and a beta of 1.42. The stock has a 50-day moving average of $97.81 and a 200 day moving average of $68.04. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92.

DigitalOcean (NYSE:DOCNGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business had revenue of $257.91 million during the quarter, compared to analyst estimates of $249.76 million. During the same period in the previous year, the company posted $0.56 EPS. DigitalOcean’s 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, sell-side analysts forecast that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

DOCN has been the subject of a number of research reports. Citigroup upped their price objective on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Barclays boosted their price target on shares of DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $57.00 price objective on shares of DigitalOcean in a research note on Tuesday, February 24th. Oppenheimer set a $190.00 price objective on shares of DigitalOcean in a report on Wednesday, May 6th. Finally, UBS Group upped their target price on DigitalOcean to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.23.

Read Our Latest Research Report on DigitalOcean

Institutional Trading of DigitalOcean

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Edgestream Partners L.P. bought a new stake in DigitalOcean during the 1st quarter valued at $3,119,000. Janus Henderson Group PLC boosted its stake in DigitalOcean by 3.8% in the first quarter. Janus Henderson Group PLC now owns 33,376 shares of the company’s stock valued at $2,864,000 after acquiring an additional 1,235 shares in the last quarter. Amundi boosted its stake in DigitalOcean by 1.6% in the first quarter. Amundi now owns 23,285 shares of the company’s stock valued at $1,997,000 after acquiring an additional 370 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 during the last quarter. Finally, California State Teachers Retirement System grew its position in DigitalOcean by 37.4% during the 1st quarter. California State Teachers Retirement System now owns 88,179 shares of the company’s stock worth $7,564,000 after purchasing an additional 23,985 shares during the last quarter. Institutional investors own 49.77% of the company’s stock.

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.

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