Persistent Asset Partners Ltd Invests $1.19 Million in DigitalOcean Holdings, Inc. $DOCN

Persistent Asset Partners Ltd purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,550 shares of the company’s stock, valued at approximately $1,186,000.

Several other large investors have also made changes to their positions in DOCN. Allworth Financial LP increased its holdings in 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 position in DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. Huntington National Bank increased its stake in shares of 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 last quarter. NBC Securities Inc. bought a new position in shares of DigitalOcean during the 4th quarter valued at $32,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of DigitalOcean in the 1st quarter valued at $33,000. Institutional investors own 49.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group lowered their target price on shares of DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. KeyCorp assumed coverage on DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price target for the company. Piper Sandler increased their price objective on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $160.00 in a research note on Tuesday, July 21st. Finally, William Blair restated an “outperform” rating on shares of DigitalOcean in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DigitalOcean presently has a consensus rating of “Buy” and a consensus target price of $151.33.

Insider Buying and Selling

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction that occurred 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 transaction, 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 SEC, which is available at the SEC website. 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 Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares in the company, valued at approximately $8,362,366.33. This represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.96% of the company’s stock.

DigitalOcean Stock Up 0.0%

DigitalOcean stock opened at $129.95 on Monday. 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 Holdings, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $187.50. The firm has a fifty day moving average price of $139.76 and a two-hundred day moving average price of $111.64. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 59.34, a P/E/G ratio of 111.22 and a beta of 1.61.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $281.18 million for the quarter, compared to the consensus estimate of $279.03 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue 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 forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share 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.