Assenagon Asset Management S.A. Sells 6,263 Shares of DigitalOcean Holdings, Inc. $DOCN

Assenagon Asset Management S.A. cut its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 18.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 27,539 shares of the company’s stock after selling 6,263 shares during the quarter. Assenagon Asset Management S.A.’s holdings in DigitalOcean were worth $2,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of DigitalOcean by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock worth $11,342,000 after acquiring an additional 16,162 shares during the period. Intech Investment Management LLC increased its position in DigitalOcean by 59.2% during the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after purchasing an additional 14,655 shares during the period. Amundi raised its holdings in DigitalOcean by 126,552.2% during the 2nd quarter. Amundi now owns 29,130 shares of the company’s stock worth $827,000 after purchasing an additional 29,107 shares during the last quarter. Jump Financial LLC bought a new position in DigitalOcean during the 2nd quarter worth approximately $3,212,000. Finally, Qube Research & Technologies Ltd lifted its position in shares of DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after purchasing an additional 170,339 shares during the period. Institutional investors and hedge funds own 49.77% of the company’s stock.

Insider Buying and Selling at DigitalOcean

In other news, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the transaction, the director owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This represents a 15.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matt Steinfort sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the sale, the chief financial officer owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders sold 39,338 shares of company stock valued at $6,191,576. Insiders own 0.96% of the company’s stock.

DigitalOcean Stock Performance

Shares of DOCN stock opened at $157.03 on Wednesday. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 68.57 and a beta of 1.60. DigitalOcean Holdings, Inc. has a 52 week low of $25.56 and a 52 week high of $187.50. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $149.90 and a 200-day moving average of $93.84.

DigitalOcean (NYSE:DOCN) last released its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. The company had revenue of $257.90 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%. DigitalOcean’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, equities analysts forecast that DigitalOcean Holdings, Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

DOCN has been the topic of a number of analyst reports. UBS Group upped their price objective on shares of DigitalOcean to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Citigroup lifted their target price on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Bank of America lifted their price objective on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, DigitalOcean presently has an average rating of “Moderate Buy” and an average target price of $146.36.

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.