Silvant Capital Management LLC Acquires New Holdings in DigitalOcean Holdings, Inc. $DOCN

Silvant Capital Management LLC bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,961 shares of the company’s stock, valued at approximately $5,647,000.

Several other hedge funds also recently bought and sold shares of DOCN. Hilltop National Bank bought a new position in shares of DigitalOcean during the second quarter worth $38,000. Parallel Advisors LLC increased its position in shares of DigitalOcean by 66.2% in 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 in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of DigitalOcean in the 1st quarter valued at $33,000. LRI Investments LLC acquired a new stake in DigitalOcean during the 2nd quarter worth $64,000. Finally, Optiver Holding B.V. raised its stake in DigitalOcean by 1,063.9% during the 1st 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 currently owned by institutional investors and hedge funds.

DigitalOcean Trading Down 1.7%

NYSE DOCN opened at $114.73 on Friday. DigitalOcean Holdings, Inc. has a 52 week low of $29.62 and a 52 week high of $187.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50 day moving average price is $135.95 and its two-hundred day moving average price is $113.47. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 99.87 and a beta of 1.61.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $279.03 million. During the same period last year, the business earned $0.39 EPS. The business’s quarterly revenue was up 28.6% on a year-over-year basis. 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, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DOCN has been the subject of several recent analyst reports. Piper Sandler increased their price target on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus upgraded DigitalOcean from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $160.00 in a research report on Tuesday, July 21st. Robert W. Baird assumed coverage on DigitalOcean in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price objective for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $200.00 target price on shares of DigitalOcean in a research note on Friday, July 10th. Two 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 company’s stock. According to MarketBeat.com, DigitalOcean presently has an average rating of “Buy” and a consensus target price of $151.33.

Insider Buying and Selling

In other DigitalOcean news, Director Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the sale, the director directly owned 67,433 shares in the company, valued at approximately $8,362,366.33. The trade was a 5.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the sale, the chief financial officer directly owned 538,414 shares in the company, valued at $91,568,068.98. This trade represents a 1.82% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 18,656 shares of company stock worth $2,811,383. 0.96% of the stock is owned by 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.