Kessler Investment Group LLC Invests $3.67 Million in DigitalOcean Holdings, Inc. $DOCN

Kessler Investment Group LLC acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,353 shares of the company’s stock, valued at approximately $3,667,000. DigitalOcean makes up approximately 1.6% of Kessler Investment Group LLC’s portfolio, making the stock its 21st largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its holdings in DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Parallel Advisors LLC grew its stake 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 in the last quarter. Huntington National Bank grew its stake in DigitalOcean by 638.3% in the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after purchasing an additional 517 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of DigitalOcean during the 4th quarter worth approximately $32,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of DigitalOcean during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DOCN shares. Robert W. Baird started coverage on DigitalOcean in a report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price objective for the company. KeyCorp assumed coverage on shares of DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price on the stock. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a research report on Wednesday, May 6th. Piper Sandler increased 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. Finally, Morgan Stanley lifted their price objective on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Two 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

Insider Activity at DigitalOcean

In related news, CFO Matt Steinfort sold 25,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the transaction, the chief financial officer owned 573,272 shares in the company, valued at approximately $87,423,980. This represents a 4.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren J. Adelman sold 4,200 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total transaction of $520,842.00. Following the sale, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. This trade represents a 5.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 43,538 shares of company stock worth $6,712,418. Insiders own 0.96% of the company’s stock.

DigitalOcean Stock Up 10.2%

DOCN opened at $133.18 on Thursday. The stock’s fifty day simple moving average is $141.53 and its 200 day simple moving average is $110.58. DigitalOcean Holdings, Inc. has a 1-year low of $29.62 and a 1-year high of $187.50. The stock has a market cap of $13.90 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 103.46 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.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.26 by $0.19. The firm had revenue of $281.18 million for the quarter, compared to the consensus estimate of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, research analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

About DigitalOcean

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.