10,876 Shares in DigitalOcean Holdings, Inc. $DOCN Purchased by Ninepoint Partners LP

Ninepoint Partners LP bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,876 shares of the company’s stock, valued at approximately $1,708,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D bought a new stake in DigitalOcean during the fourth quarter worth $2,358,000. New York State Teachers Retirement System grew its stake in DigitalOcean by 33.0% in the 4th quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock valued at $2,373,000 after purchasing an additional 12,229 shares during the period. Legato Capital Management LLC bought a new position in DigitalOcean in the 4th quarter valued at $1,365,000. Summit Creek Advisors LLC purchased a new stake in shares of DigitalOcean during the 4th quarter valued at $7,126,000. Finally, Wealth High Governance Asset Management Ltda. purchased a new stake in shares of DigitalOcean during the 1st quarter valued at $8,986,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DOCN. Robert W. Baird began 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. Citigroup raised their price objective on shares of DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. KeyCorp initiated coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, DigitalOcean currently has an average rating of “Buy” and a consensus target price of $151.33.

Insider Transactions at DigitalOcean

In other news, CAO Cherie Barrett sold 4,456 shares of DigitalOcean 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 completion of the transaction, the chief accounting officer owned 65,487 shares in the company, valued at $8,668,514.19. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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 transaction of $520,842.00. Following the completion of the sale, the director directly owned 67,433 shares in the company, valued at approximately $8,362,366.33. This trade represents a 5.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,656 shares of company stock worth $2,811,383 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Stock Down 1.7%

DOCN stock opened at $114.73 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 99.87 and a beta of 1.61. DigitalOcean Holdings, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $187.50. The stock has a fifty day moving average of $135.95 and a 200-day moving average of $113.47.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data 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 company had revenue of $281.18 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, equities research analysts predict that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

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.