Janney Montgomery Scott LLC Makes New Investment in DigitalOcean Holdings, Inc. $DOCN

Janney Montgomery Scott LLC bought a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,682 shares of the company’s stock, valued at approximately $402,000.

Other hedge funds also recently modified their holdings of the company. Pictet Asset Management Holding SA grew its holdings in shares of DigitalOcean by 22.3% during the first quarter. Pictet Asset Management Holding SA now owns 11,653 shares of the company’s stock valued at $1,000,000 after buying an additional 2,128 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in DigitalOcean in the 1st quarter worth about $2,608,000. Banque Cantonale Vaudoise purchased a new stake in DigitalOcean in the 1st quarter worth about $33,000. Campbell Newman Asset Management Inc. boosted its position in DigitalOcean by 2.6% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 44,793 shares of the company’s stock worth $3,842,000 after acquiring an additional 1,126 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in DigitalOcean by 309.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,669 shares of the company’s stock worth $225,000 after acquiring an additional 3,528 shares during the period. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Insider Transactions at DigitalOcean

In related news, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at $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 sold 39,338 shares of company stock valued at $6,191,576 in the last ninety days. Insiders own 0.96% of the company’s stock.

DigitalOcean Trading Down 2.8%

NYSE:DOCN opened at $116.35 on Friday. The company has a market capitalization of $12.14 billion, a P/E ratio of 50.81 and a beta of 1.57. The stock’s 50 day moving average price is $154.84 and its 200 day moving average price is $100.87. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. DigitalOcean Holdings, Inc. has a 52 week low of $25.56 and a 52 week high of $187.50.

DigitalOcean (NYSE:DOCN) last released 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 business had revenue of $257.90 million during 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 quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, research analysts forecast that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DOCN has been the topic of a number of research reports. Citizens Jmp upped their target price on DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, March 26th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. Citigroup boosted their price objective on shares of DigitalOcean from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Barclays upped their price objective on shares of DigitalOcean from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, UBS Group cut their target price on shares of DigitalOcean from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.36.

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.