Insight Wealth Strategies LLC lowered its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) by 94.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,280 shares of the company’s stock after selling 60,602 shares during the quarter. Insight Wealth Strategies LLC’s holdings in DigitalOcean were worth $438,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in DigitalOcean in the 2nd quarter worth approximately $1,488,000. Wealth High Governance Asset Management Ltda. purchased a new position in shares of DigitalOcean during the 1st quarter valued at $8,986,000. Norris Financial Group LLC purchased a new position in shares of DigitalOcean during the 1st quarter valued at $7,234,000. Polar Asset Management Partners Inc. acquired a new position in shares of DigitalOcean in the first quarter worth $1,295,000. Finally, Ninepoint Partners LP acquired a new position in shares of DigitalOcean in the second quarter worth $1,708,000. Institutional investors and hedge funds own 49.77% of the company’s stock.
Insider Buying and Selling
In related news, CFO Matt Steinfort sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $1,057,300.00. Following the completion of the sale, the chief financial officer owned 503,692 shares in the company, valued at $53,255,355.16. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, CAO Cherie Barrett sold 4,456 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the sale, the chief accounting officer directly owned 65,487 shares in the company, valued at $8,668,514.19. This trade represents a 6.37% decrease in their position. 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. In the last 90 days, insiders sold 22,641 shares of company stock valued at $2,589,317. Insiders own 0.96% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on DigitalOcean
DigitalOcean Stock Performance
NYSE:DOCN traded up $8.70 during midday trading on Friday, reaching $132.60. The stock had a trading volume of 638,075 shares, compared to its average volume of 3,531,476. The stock has a market capitalization of $13.84 billion, a P/E ratio of 60.47, a PEG ratio of 108.22 and a beta of 1.70. DigitalOcean Holdings, Inc. has a 1-year low of $37.09 and a 1-year high of $187.50. 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’s fifty day simple moving average is $125.73 and its 200-day simple moving average is $128.67.
DigitalOcean (NYSE:DOCN – Get Free Report) last released its 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. The firm had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, equities research analysts forecast that DigitalOcean Holdings, Inc. will post 0.64 EPS for the current fiscal year.
DigitalOcean Profile
DigitalOcean Holdings, Inc (NYSE:DOCN) provides cloud computing services designed primarily for developers, startups, and small and midsize businesses. Its platform offers on-demand infrastructure and software tools intended to simplify the development, deployment, and management of applications.
The company’s services include cloud compute through Droplets, managed Kubernetes, managed databases, object and block storage, networking, and the App Platform for deploying applications. DigitalOcean also provides developer tools, tutorials, support, and other resources intended to help customers build and scale digital products without managing traditional data-center infrastructure.
Founded in 2011 and headquartered in New York City, DigitalOcean serves customers internationally through cloud infrastructure and data-center regions located in North America, Europe, and Asia.
Featured Articles
- Five stocks we like better than DigitalOcean
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Want to see what other hedge funds are holding DOCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report).
Receive News & Ratings for DigitalOcean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalOcean and related companies with MarketBeat.com's FREE daily email newsletter.
