DigitalOcean Holdings, Inc. (NYSE:DOCN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $142.2308.

Several research firms recently commented on DOCN. 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 report on Wednesday, May 6th. The Goldman Sachs Group raised their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Piper Sandler raised their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group raised their price target on shares of DigitalOcean from $120.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 6th.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 22,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $54.77, for a total value of $1,204,940.00. Following the completion of the transaction, the chief accounting officer directly owned 62,469 shares of the company’s stock, valued at $3,421,427.13. This trade represents a 26.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,338 shares of company stock valued at $6,803,816 in the last three months. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bullseye Asset Management LLC boosted its holdings in DigitalOcean by 267.8% in the 3rd quarter. Bullseye Asset Management LLC now owns 99,300 shares of the company’s stock valued at $3,392,000 after purchasing an additional 72,300 shares during the period. State of New Jersey Common Pension Fund D bought a new position in DigitalOcean in the 4th quarter valued at $2,358,000. New York State Teachers Retirement System boosted its holdings 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. Van Berkom & Associates Inc. lifted its holdings in shares of DigitalOcean by 33.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,564,991 shares of the company’s stock worth $53,460,000 after acquiring an additional 389,161 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of DigitalOcean by 27.2% during the 3rd quarter. Penserra Capital Management LLC now owns 293,132 shares of the company’s stock worth $10,013,000 after acquiring an additional 62,725 shares during the last quarter. 49.77% of the stock is owned by institutional investors.

DigitalOcean Stock Up 1.6%

DOCN opened at $161.06 on Wednesday. The company has a 50 day moving average of $109.20 and a 200 day moving average of $72.99. The company has a market cap of $16.81 billion, a PE ratio of 70.33 and a beta of 1.42. DigitalOcean has a 12 month low of $25.56 and a 12 month high of $165.99. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. The company had revenue of $257.91 million during the quarter, compared to the consensus estimate of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. DigitalOcean’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, sell-side analysts expect that DigitalOcean will post 0.55 EPS for the current year.

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.