Wellington Management Group LLP Reduces Stock Position in DigitalOcean Holdings, Inc. $DOCN

Wellington Management Group LLP lessened its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 46.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,573,295 shares of the company’s stock after selling 1,383,571 shares during the quarter. Wellington Management Group LLP’s holdings in DigitalOcean were worth $247,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of DigitalOcean by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock valued at $11,342,000 after purchasing an additional 16,162 shares during the period. Intech Investment Management LLC lifted its holdings in DigitalOcean by 59.2% during the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after buying an additional 14,655 shares in the last quarter. Amundi lifted its holdings in DigitalOcean by 126,552.2% during the 2nd quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after buying an additional 29,107 shares in the last quarter. Jump Financial LLC purchased a new stake in DigitalOcean in the 2nd quarter valued at about $3,212,000. Finally, Qube Research & Technologies Ltd boosted its position in DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after buying an additional 170,339 shares during the period. 49.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DOCN has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. William Blair reissued an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Piper Sandler raised their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Robert W. Baird initiated coverage on DigitalOcean in a research report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 target price for the company. Finally, Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $152.81.

Insider Activity at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Warren J. Adelman sold 4,200 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were 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 of the company’s stock, valued at approximately $8,362,366.33. This trade represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,656 shares of company stock valued at $2,811,383 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Price Performance

Shares of DOCN opened at $111.50 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $128.72 and a 200-day moving average price of $115.77. DigitalOcean Holdings, Inc. has a fifty-two week low of $30.89 and a fifty-two week high of $187.50. The stock has a market capitalization of $11.64 billion, a PE ratio of 50.91, a PEG ratio of 95.20 and a beta of 1.61.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The company had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. DigitalOcean’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Equities analysts predict that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

DigitalOcean 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.