Cherie Barrett Sells 3,985 Shares of DigitalOcean (NYSE:DOCN) Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) CAO Cherie Barrett sold 3,985 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $421,334.05. Following the completion of the sale, the chief accounting officer directly owned 58,399 shares of the company’s stock, valued at $6,174,526.27. The trade was a 6.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.

Cherie Barrett also recently made the following trade(s):

• On Thursday, August 13th, Cherie Barrett sold 4,456 shares of DigitalOcean stock. The stock was sold at an average price of $132.37, for a total transaction of $589,840.72.

DigitalOcean Price Performance

Shares of DOCN stock opened at $112.42 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. DigitalOcean Holdings, Inc. has a 12-month low of $32.35 and a 12-month high of $187.50. The firm has a fifty day moving average of $124.52 and a 200-day moving average of $116.97. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 93.65 and a beta of 1.57.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of DigitalOcean by 16,016.1% during the second quarter. California State Teachers Retirement System now owns 14,211,058 shares of the company’s stock worth $2,231,562,000 after buying an additional 14,122,879 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in DigitalOcean by 11.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,420,341 shares of the company’s stock worth $116,467,000 after acquiring an additional 252,303 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of DigitalOcean by 34.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock worth $47,430,000 after acquiring an additional 426,264 shares in the last quarter. Bank of America Corp DE bought a new position in shares of DigitalOcean during the 2nd quarter worth approximately $241,945,000. Finally, First Trust Advisors LP raised its holdings in shares of DigitalOcean by 9.3% in the first quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock valued at $123,622,000 after purchasing an additional 122,675 shares during the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on DigitalOcean from $160.00 to $161.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. William Blair reissued an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $160.00 in a report on Tuesday, July 21st. KeyCorp started coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price target on the stock. Finally, UBS Group reduced their price target on shares of DigitalOcean from $155.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $152.81.

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.