DigitalOcean (NYSE:DOCN) Director Sells $678,376.44 in Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

DigitalOcean Stock Performance

Shares of NYSE DOCN traded up $2.58 during midday trading on Tuesday, reaching $150.01. The company had a trading volume of 3,880,998 shares, compared to its average volume of 4,066,515. The business’s 50-day simple moving average is $97.81 and its 200 day simple moving average is $68.04. The stock has a market cap of $15.66 billion, a P/E ratio of 65.51 and a beta of 1.42. DigitalOcean Holdings, Inc. has a 1 year low of $25.56 and a 1 year high of $164.77. 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 (NYSE:DOCN) last posted its quarterly earnings results 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 business had revenue of $257.91 million during the quarter, compared to analysts’ expectations of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DOCN shares. Royal Bank Of Canada set a $60.00 target price on DigitalOcean in a research report on Tuesday, February 24th. Piper Sandler raised their target price on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Bank of America raised their target price on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Barclays raised their target price on DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Citigroup raised their target price on DigitalOcean from $115.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.23.

Hedge Funds Weigh In On DigitalOcean

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new position in DigitalOcean during the first quarter worth about $3,119,000. Janus Henderson Group PLC boosted its position in DigitalOcean by 3.8% during the first quarter. Janus Henderson Group PLC now owns 33,376 shares of the company’s stock worth $2,864,000 after acquiring an additional 1,235 shares during the last quarter. Amundi boosted its position in DigitalOcean by 1.6% during the first quarter. Amundi now owns 23,285 shares of the company’s stock worth $1,997,000 after acquiring an additional 370 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in DigitalOcean by 14.8% during the first quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock worth $47,000 after acquiring an additional 71 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in DigitalOcean by 37.4% during the first quarter. California State Teachers Retirement System now owns 88,179 shares of the company’s stock worth $7,564,000 after acquiring an additional 23,985 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.

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.