Jupiter Topco LLC Takes Position in DigitalOcean Holdings, Inc. $DOCN

Jupiter Topco LLC acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,376 shares of the company’s stock, valued at approximately $5,400,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of DigitalOcean in the 2nd quarter worth $10,992,000. Castleark Management LLC purchased a new position in shares of DigitalOcean during the second quarter valued at $5,580,000. Osterweis Capital Management Inc. purchased a new position in shares of DigitalOcean during the second quarter valued at $14,374,000. Nicholas Investment Partners LP bought a new stake in shares of DigitalOcean in the second quarter valued at about $2,983,000. Finally, Legal & General Group Plc purchased a new stake in DigitalOcean in the second quarter worth about $16,502,000. 49.77% of the stock is owned by institutional investors.

DigitalOcean Price Performance

Shares of DOCN stock opened at $110.49 on Tuesday. The stock’s 50-day moving average is $127.60 and its 200 day moving average is $116.09. DigitalOcean Holdings, Inc. has a 1-year low of $30.89 and a 1-year high of $187.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $11.53 billion, a P/E ratio of 50.45, a PEG ratio of 95.20 and a beta of 1.61.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The business had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The firm’s revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Research analysts predict that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DOCN shares. Truist Financial assumed coverage on shares of DigitalOcean in a report on Thursday, August 27th. They set a “buy” rating and a $175.00 target price on the stock. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a report on Wednesday, May 6th. Barclays upped their price target on shares of DigitalOcean from $160.00 to $161.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $200.00 price objective on shares of DigitalOcean in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $152.81.

Insider Buying and Selling

In other DigitalOcean news, CAO Cherie Barrett sold 4,456 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the sale, the chief accounting officer directly owned 65,487 shares in the company, valued at $8,668,514.19. This trade represents a 6.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction on 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 represents a 5.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is owned by insiders.

DigitalOcean 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.