DigitalOcean Holdings, Inc. (NYSE:DOCN – Get Free Report) CFO Matt Steinfort sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $1,057,300.00. Following the transaction, the chief financial officer directly owned 503,692 shares in the company, valued at approximately $53,255,355.16. The trade was a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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.
DigitalOcean Stock Performance
NYSE DOCN opened at $112.42 on Friday. The company has a market cap of $11.73 billion, a P/E ratio of 51.33, a P/E/G ratio of 93.65 and a beta of 1.57. 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 stock has a 50-day moving average of $124.52 and a two-hundred day moving average of $116.97. DigitalOcean Holdings, Inc. has a 1-year low of $32.35 and a 1-year high of $187.50.
DigitalOcean (NYSE:DOCN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.19. The business had revenue of $281.18 million for the quarter, compared to analysts’ expectations of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on DOCN
Institutional Investors Weigh In On DigitalOcean
Several hedge funds and other institutional investors have recently bought and sold shares of DOCN. Allworth Financial LP increased its position in shares of DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Parallel Advisors LLC grew its stake in DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after buying an additional 129 shares during the last quarter. Huntington National Bank grew its stake in DigitalOcean by 638.3% during the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after buying an additional 517 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in DigitalOcean during the first quarter worth approximately $33,000. Finally, Optiver Holding B.V. lifted its stake in DigitalOcean by 1,063.9% in the first quarter. Optiver Holding B.V. now owns 419 shares of the company’s stock valued at $36,000 after buying an additional 383 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.
About DigitalOcean
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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