Sterling Investment Advisors Ltd. Takes Position in DigitalOcean Holdings, Inc. $DOCN

Sterling Investment Advisors Ltd. acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,400 shares of the company’s stock, valued at approximately $212,000.

Several other large investors also recently modified their holdings of the stock. Allworth Financial LP grew its stake in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares in the last quarter. CWM LLC grew its stake in shares of DigitalOcean by 1.3% in the fourth quarter. CWM LLC now owns 20,971 shares of the company’s stock valued at $1,009,000 after acquiring an additional 270 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of DigitalOcean by 2.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,729 shares of the company’s stock valued at $757,000 after acquiring an additional 398 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of DigitalOcean by 33.8% in the fourth quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares in the last quarter. Finally, Man Group plc grew its stake in shares of DigitalOcean by 0.5% in the second quarter. Man Group plc now owns 82,485 shares of the company’s stock valued at $2,356,000 after acquiring an additional 420 shares in the last quarter. 49.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DOCN. Canaccord Genuity Group upped their price target on shares of DigitalOcean from $120.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Citizens Jmp upped their price target on shares of DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, March 26th. Piper Sandler upped their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Stifel Nicolaus set a $57.00 price target on shares of DigitalOcean in a research note on Tuesday, February 24th. Finally, Morgan Stanley upped their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.23.

DigitalOcean Trading Up 1.6%

Shares of DigitalOcean stock opened at $161.06 on Wednesday. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 70.33 and a beta of 1.42. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $165.99. The firm’s 50-day moving average price is $109.20 and its two-hundred day moving average price is $72.99.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The firm had revenue of $257.91 million for the quarter, compared to the consensus estimate of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. 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, analysts forecast that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DigitalOcean news, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the sale, the chief financial officer directly owned 573,272 shares in the company, valued at $87,423,980. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated 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 owned 24,323 shares in the company, valued at $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,338 shares of company stock worth $6,803,816 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

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.