Hilltop Holdings Inc. Acquires Shares of 6,059 DigitalOcean Holdings, Inc. $DOCN

Hilltop Holdings Inc. bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,059 shares of the company’s stock, valued at approximately $520,000.

Several other institutional investors also recently added to or reduced their stakes in DOCN. State of New Jersey Common Pension Fund D bought a new stake in DigitalOcean during the 4th quarter valued at about $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 worth $2,373,000 after acquiring an additional 12,229 shares in the last quarter. SG Americas Securities LLC grew its stake in DigitalOcean by 266.1% in the 4th quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock worth $8,042,000 after acquiring an additional 121,473 shares in the last quarter. Legato Capital Management LLC purchased a new position in shares of DigitalOcean during the fourth quarter worth approximately $1,365,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in shares of DigitalOcean during the fourth quarter worth approximately $2,101,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DOCN shares. Robert W. Baird assumed coverage on DigitalOcean in a report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price target for the company. Barclays reduced their price objective on DigitalOcean from $184.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. KeyCorp started coverage on DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price for the company. Oppenheimer set a $190.00 target price on DigitalOcean in a report on Wednesday, May 6th. Finally, Citigroup increased their price target on DigitalOcean from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $151.93.

DigitalOcean Price Performance

Shares of DOCN opened at $119.73 on Tuesday. 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 50 day moving average price of $150.65 and a 200-day moving average price of $104.71. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $187.50. The stock has a market capitalization of $12.49 billion, a PE ratio of 52.28 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last issued 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. The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. DigitalOcean’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Equities analysts predict that DigitalOcean Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at DigitalOcean

In other news, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction on Friday, May 15th. The stock was sold at an average price of $156.38, for a total value of $678,376.44. Following the transaction, the director directly owned 24,323 shares in the company, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 have sold a total of 39,338 shares of company stock worth $6,191,576 in the last ninety days. Insiders own 0.96% of the company’s stock.

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.