7,500 Shares in DigitalOcean Holdings, Inc. $DOCN Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,500 shares of the company’s stock, valued at approximately $1,178,000.

Several other institutional investors have also modified their holdings of DOCN. Hilltop National Bank bought a new position in shares of DigitalOcean during the 2nd quarter valued at approximately $38,000. Parallel Advisors LLC raised its holdings in DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the period. Banque Cantonale Vaudoise bought a new stake in DigitalOcean in the first quarter worth $33,000. LRI Investments LLC bought a new stake in DigitalOcean in the second quarter worth $64,000. Finally, Optiver Holding B.V. boosted its stake in DigitalOcean by 1,063.9% during the first quarter. Optiver Holding B.V. now owns 419 shares of the company’s stock worth $36,000 after buying an additional 383 shares during the period. 49.77% of the stock is owned by institutional investors.

DigitalOcean Stock Performance

Shares of DigitalOcean stock opened at $114.73 on Friday. The firm has a market cap of $11.97 billion, a P/E ratio of 52.39, a P/E/G ratio of 99.87 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 Holdings, Inc. has a 12 month low of $29.62 and a 12 month high of $187.50. The stock’s fifty day moving average price is $135.95 and its 200-day moving average price is $113.47.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The company had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. During the same period in the prior year, the firm earned $0.39 earnings per share. 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, equities research analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DOCN. William Blair reissued an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Barclays upped their price target on shares of DigitalOcean from $160.00 to $161.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Oppenheimer set a $190.00 target price on DigitalOcean in a research report on Wednesday, May 6th. Finally, Citigroup upped their target price on DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $151.33.

Insider Transactions at DigitalOcean

In other news, CFO Matt Steinfort sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at approximately $91,568,068.98. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, CAO Cherie Barrett sold 4,456 shares of DigitalOcean stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total transaction of $589,840.72. Following the transaction, the chief accounting officer directly owned 65,487 shares in the company, valued at approximately $8,668,514.19. The trade was a 6.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 18,656 shares of company stock valued at $2,811,383. Company insiders own 0.96% of the company’s stock.

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.