4,970 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,970 shares of the company’s stock, valued at approximately $780,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after buying an additional 255 shares during the last quarter. Parallel Advisors LLC grew its stake in DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the last quarter. Huntington National Bank raised its holdings in DigitalOcean by 638.3% in the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after acquiring an additional 517 shares during the period. NBC Securities Inc. bought a new position in DigitalOcean in the 4th quarter worth $32,000. Finally, Banque Cantonale Vaudoise acquired a new position in DigitalOcean during the 1st quarter worth $33,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on DOCN shares. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $160.00 in a research note on Tuesday, July 21st. Citigroup upped their price target on DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. KeyCorp initiated coverage on DigitalOcean in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price objective for the company. Morgan Stanley raised their price objective on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler boosted their target price on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, DigitalOcean currently has a consensus rating of “Buy” and an average target price of $151.33.

Insider Buying and Selling

In related news, Director Warren J. Adelman sold 4,200 shares of DigitalOcean 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 completion of the transaction, the director directly owned 67,433 shares of the company’s stock, valued at $8,362,366.33. This trade represents a 5.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the transaction, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at $91,568,068.98. This represents a 1.82% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 18,656 shares of company stock worth $2,811,383 in the last quarter. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Stock Performance

Shares of NYSE:DOCN opened at $115.12 on Friday. The business’s fifty day moving average price is $134.86 and its two-hundred day moving average price is $113.48. DigitalOcean Holdings, Inc. has a fifty-two week low of $30.05 and a fifty-two week high of $187.50. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 52.57, a price-to-earnings-growth ratio of 97.89 and a beta of 1.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data 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. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The firm had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. During the same period in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. 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 predict that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal 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.