GSA Capital Partners LLP Takes $914,000 Position in DigitalOcean Holdings, Inc. $DOCN

GSA Capital Partners LLP acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,819 shares of the company’s stock, valued at approximately $914,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of DigitalOcean during the second quarter worth $38,000. Parallel Advisors LLC raised its position in DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of DigitalOcean during the first quarter worth about $33,000. LRI Investments LLC bought a new position in DigitalOcean in the 2nd quarter valued at approximately $64,000. Finally, Optiver Holding B.V. grew its holdings in DigitalOcean by 1,063.9% during the 1st quarter. Optiver Holding B.V. now owns 419 shares of the company’s stock worth $36,000 after acquiring an additional 383 shares during the last quarter. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Stock Performance

Shares of DOCN stock opened at $125.08 on Wednesday. DigitalOcean Holdings, Inc. has a 12 month low of $29.62 and a 12 month high of $187.50. The stock has a market capitalization of $13.05 billion, a P/E ratio of 57.12, a PEG ratio of 111.22 and a beta of 1.61. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $138.21 and its 200 day moving average is $112.62.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $279.03 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Insider Activity at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 4,456 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72. Following the sale, the chief accounting officer owned 65,487 shares in the company, valued at $8,668,514.19. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction dated 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 sale, 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 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 18,656 shares of company stock valued at $2,811,383 over the last 90 days. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DOCN. Robert W. Baird initiated coverage on shares of DigitalOcean in a report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 price target on the stock. Oppenheimer set a $190.00 target price on DigitalOcean in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. KeyCorp began coverage on DigitalOcean in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $151.33.

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.