DigitalOcean Holdings, Inc. $DOCN Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 35.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 164,740 shares of the company’s stock after selling 92,423 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in DigitalOcean were worth $14,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake 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 purchasing an additional 129 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of DigitalOcean in the 1st quarter worth $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of DigitalOcean by 14.8% in the first quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock valued at $47,000 after buying an additional 71 shares during the period. Huntington National Bank lifted its holdings in shares of 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 buying an additional 517 shares during the period. Finally, NBC Securities Inc. bought a new position in DigitalOcean during the fourth quarter valued at about $32,000. 49.77% of the stock is currently owned by institutional investors and hedge funds.

DigitalOcean Stock Performance

DOCN opened at $117.28 on Friday. 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 market cap of $12.24 billion, a PE ratio of 51.22 and a beta of 1.57. The business has a fifty day simple moving average of $147.24 and a 200-day simple moving average of $106.06. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $187.50.

DigitalOcean (NYSE:DOCN) last announced its 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. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same period in the previous year, the firm earned $0.56 earnings per share. DigitalOcean’s revenue for the quarter was up 22.4% compared to the same quarter last year. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. As a group, equities analysts predict that DigitalOcean Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DOCN shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 target price on shares of DigitalOcean in a report on Friday, July 10th. 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 report on Wednesday, May 6th. Oppenheimer set a $190.00 price objective on shares of DigitalOcean in a research report on Wednesday, May 6th. Barclays lowered their price objective on shares of DigitalOcean from $184.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Finally, Bank of America boosted their target price on shares of DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.93.

Insider Transactions at DigitalOcean

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of the company’s 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matt Steinfort sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the completion of the transaction, the chief financial officer owned 573,272 shares of the company’s stock, valued at approximately $87,423,980. The trade was a 4.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,338 shares of company stock worth $6,191,576 in the last three months. 0.96% of the stock is currently owned by company insiders.

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.