Jefferies Financial Group Inc. acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,917 shares of the company’s stock, valued at approximately $2,028,000.
A number of other institutional investors have also added to or reduced their stakes in DOCN. Hilltop National Bank purchased a new stake in DigitalOcean in the second quarter valued at approximately $38,000. Rakuten Securities Inc. bought a new position in shares of DigitalOcean during the second quarter valued at about $43,000. Parallel Advisors LLC increased its stake in DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after purchasing an additional 129 shares during the period. Banque Cantonale Vaudoise purchased a new stake in DigitalOcean during the 1st quarter valued at $33,000. Finally, LRI Investments LLC purchased a new stake in shares of DigitalOcean during the second quarter worth about $64,000. 49.77% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, 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 value of $589,840.72. Following the sale, the chief accounting officer directly owned 65,487 shares in the company, valued at $8,668,514.19. The trade was a 6.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Warren J. Adelman sold 4,200 shares of the company’s 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 in the company, valued at $8,362,366.33. This represents a 5.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,656 shares of company stock worth $2,811,383. Corporate insiders own 0.96% of the company’s stock.
DigitalOcean Stock Performance
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 the consensus estimate of $0.26 by $0.19. The business had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities research analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.
Analysts Set New Price Targets
DOCN has been the topic of several recent analyst reports. Robert W. Baird started coverage on shares of DigitalOcean in a report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price target on the stock. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. KeyCorp began coverage on shares of DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price target on the stock. Piper Sandler raised their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group raised their target price on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $152.81.
Read Our Latest Stock Report on DOCN
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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