12,917 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, HoldingsChannel reports. The firm bought 12,917 shares of the company’s stock, valued at approximately $2,028,000.

Several other institutional investors also recently bought and sold shares of DOCN. State of New Jersey Common Pension Fund D purchased a new position in shares of DigitalOcean in the 4th quarter worth approximately $2,358,000. New York State Teachers Retirement System increased its position in DigitalOcean by 33.0% during the 4th quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock valued at $2,373,000 after buying an additional 12,229 shares in the last quarter. Legato Capital Management LLC acquired a new stake in DigitalOcean in the 4th quarter worth approximately $1,365,000. Summit Creek Advisors LLC acquired a new stake in DigitalOcean in the 4th quarter worth approximately $7,126,000. Finally, Wealth High Governance Asset Management Ltda. purchased a new stake in DigitalOcean during the 1st quarter worth approximately $8,986,000. 49.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays raised their price objective on DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a report on Wednesday, May 6th. KeyCorp began coverage on DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective for the company. William Blair restated an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, DigitalOcean has an average rating of “Buy” and a consensus price target of $152.81.

DigitalOcean Stock Performance

NYSE:DOCN opened at $111.50 on Friday. 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 company has a fifty day moving average of $128.72 and a two-hundred day moving average of $115.41. The stock has a market capitalization of $11.64 billion, a PE ratio of 50.91, a P/E/G ratio of 95.20 and a beta of 1.61. DigitalOcean Holdings, Inc. has a fifty-two week low of $30.89 and a fifty-two week high of $187.50.

DigitalOcean (NYSE:DOCN) last released 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 firm had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue for the quarter 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, research analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at DigitalOcean

In related news, Director Warren J. Adelman sold 4,200 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $124.01, for a total transaction of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares in the company, valued at $8,362,366.33. This trade represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matt Steinfort sold 10,000 shares of the 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 directly owned 538,414 shares in the company, valued at $91,568,068.98. This represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 18,656 shares of company stock worth $2,811,383 in the last 90 days. Insiders own 0.96% of the company’s stock.

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.