Oribel Capital Management LP Invests $2.16 Million in DigitalOcean Holdings, Inc. $DOCN

Oribel Capital Management LP bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,200 shares of the company’s stock, valued at approximately $2,162,000.

Other hedge funds have also bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new stake in shares of DigitalOcean in the fourth quarter valued at approximately $2,358,000. New York State Teachers Retirement System boosted its stake in shares of DigitalOcean by 33.0% during 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 period. SG Americas Securities LLC increased its holdings in shares of DigitalOcean by 266.1% during the 4th quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock worth $8,042,000 after acquiring an additional 121,473 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of DigitalOcean during the 4th quarter worth approximately $1,365,000. Finally, Campbell Newman Asset Management Inc. bought a new stake in DigitalOcean in the 4th quarter valued at $2,101,000. 49.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOCN. Morgan Stanley raised their price target on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Piper Sandler upped their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 price objective on shares of DigitalOcean in a research report on Friday, July 10th. Weiss Ratings upgraded shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. 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 note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $151.93.

DigitalOcean Price Performance

Shares of NYSE DOCN opened at $123.65 on Friday. The firm has a market cap of $12.90 billion, a P/E ratio of 53.99 and a beta of 1.57. The business’s 50 day moving average is $151.20 and its 200-day moving average is $103.88. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. DigitalOcean Holdings, Inc. has a 1-year low of $25.56 and a 1-year high of $187.50.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings results 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 the consensus estimate of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. Equities research analysts predict that DigitalOcean Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Matt Steinfort sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the sale, the chief financial officer owned 538,414 shares of the company’s stock, valued at $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 Hilary Schneider sold 4,338 shares of the 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 sale, the director directly owned 24,323 shares in the company, valued at $3,803,630.74. This represents a 15.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 39,338 shares of company stock valued at $6,191,576. 0.96% of the stock is owned by company insiders.

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.