Clay Northam Wealth Management LLC Acquires Shares of 21,511 DigitalOcean Holdings, Inc. $DOCN

Posted by Stanley Muller on Aug 21st, 2026

Clay Northam Wealth Management LLC bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,511 shares of the company’s stock, valued at approximately $3,378,000. DigitalOcean accounts for about 1.7% of Clay Northam Wealth Management LLC’s holdings, making the stock its 15th largest position.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in DigitalOcean by 155.3% in the first quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock worth $95,080,000 after purchasing an additional 674,231 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of DigitalOcean in the 3rd quarter valued at about $21,808,000. Bank of New York Mellon Corp bought a new position in shares of DigitalOcean in the 2nd quarter valued at about $98,011,000. Arrowstreet Capital Limited Partnership grew its position in shares of DigitalOcean by 90.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock worth $57,496,000 after buying an additional 568,823 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in DigitalOcean by 784.2% in the fourth quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock valued at $23,786,000 after buying an additional 438,411 shares during the period. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Stock Down 1.7%

DigitalOcean stock opened at $114.73 on Friday. DigitalOcean Holdings, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $187.50. The company’s 50-day moving average is $135.95 and its 200-day moving average is $113.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $11.97 billion, a PE ratio of 52.39, a P/E/G ratio of 99.87 and a beta of 1.61.

DigitalOcean (NYSE:DOCN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.19. The firm had revenue of $281.18 million during the quarter, compared to analysts’ expectations of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm 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. Sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Insider Activity at DigitalOcean

In other news, Director Warren J. Adelman sold 4,200 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Cherie Barrett sold 4,456 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 18,656 shares of company stock worth $2,811,383. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on DOCN shares. Citigroup lifted their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays lifted their price objective on DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Oppenheimer set a $190.00 target price on DigitalOcean in a research note on Wednesday, May 6th. KeyCorp began coverage on DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price on the stock. Finally, Morgan Stanley boosted their target price on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $151.33.

Get Our Latest Stock Report on DOCN

DigitalOcean Profile

(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.