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

DigitalOcean Holdings, Inc. (NYSE:DOCN) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $146.3571.

Several analysts have recently issued reports on the stock. Royal Bank Of Canada set a $60.00 price objective on shares of DigitalOcean in a research note on Tuesday, February 24th. UBS Group boosted their price objective on shares of DigitalOcean to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald boosted their price objective on shares of DigitalOcean from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Bank of America boosted their price objective on shares of DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Piper Sandler boosted their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th.

Insider Buying and Selling at DigitalOcean

In other news, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at $91,568,068.98. The trade was a 1.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, Director Hilary Schneider sold 4,338 shares of the business’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 sale, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,338 shares of company stock valued at $6,191,576 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of DigitalOcean

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in DigitalOcean by 54.4% during the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the period. Parallel Advisors LLC boosted its position 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 purchasing an additional 129 shares during the period. Huntington National Bank boosted its position 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 purchasing an additional 517 shares during the period. NBC Securities Inc. purchased a new stake in DigitalOcean during the 4th quarter worth $32,000. Finally, Banque Cantonale Vaudoise purchased a new stake in DigitalOcean during the 1st quarter worth $33,000. 49.77% of the stock is owned by hedge funds and other institutional investors.

DigitalOcean Trading Down 3.1%

Shares of DOCN opened at $169.35 on Friday. The stock has a fifty day moving average of $131.28 and a two-hundred day moving average of $83.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $17.67 billion, a PE ratio of 73.95 and a beta of 1.60. DigitalOcean has a fifty-two week low of $25.56 and a fifty-two week high of $184.46.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company had revenue of $257.91 million during the quarter, compared to analysts’ expectations of $249.76 million. During the same period in the previous year, the company earned $0.56 EPS. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. As a group, analysts forecast that DigitalOcean will post 0.54 EPS 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.