Glenmede Trust Co. NA Decreases Stock Position in DigitalOcean Holdings, Inc. $DOCN

Glenmede Trust Co. NA lessened its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 53.3% in the first quarter, HoldingsChannel reports. The fund owned 183,217 shares of the company’s stock after selling 208,918 shares during the period. Glenmede Trust Co. NA’s holdings in DigitalOcean were worth $15,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new stake in DigitalOcean during the 4th quarter valued at $2,358,000. New York State Teachers Retirement System grew 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 worth $2,373,000 after acquiring an additional 12,229 shares during the last quarter. Legato Capital Management LLC purchased a new position in shares of DigitalOcean in the fourth quarter valued at about $1,365,000. Campbell Newman Asset Management Inc. purchased a new position in shares of DigitalOcean in the fourth quarter valued at about $2,101,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of DigitalOcean during the fourth quarter valued at about $1,020,000. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Trading Down 2.4%

NYSE:DOCN opened at $117.28 on Friday. The company has a 50-day moving average price of $147.24 and a 200-day moving average price of $106.06. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $187.50. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 51.22 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The firm had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The company’s revenue for the quarter 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. Equities analysts predict that DigitalOcean Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

DOCN has been the subject of a number of analyst reports. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $160.00 in a report on Tuesday, July 21st. Weiss Ratings downgraded DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Barclays dropped their price objective on DigitalOcean from $184.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Bank of America lifted their price objective on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.93.

Insider Activity

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The stock was 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 approximately $3,803,630.74. The trade was a 15.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matt Steinfort sold 10,000 shares of the company’s 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 owned 538,414 shares in the company, valued at $91,568,068.98. This trade represents a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold 39,338 shares of company stock valued at $6,191,576 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

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.