Insight Wealth Strategies LLC Reduces Holdings in DigitalOcean Holdings, Inc. $DOCN

Insight Wealth Strategies LLC lowered its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 94.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,280 shares of the company’s stock after selling 60,602 shares during the period. Insight Wealth Strategies LLC’s holdings in DigitalOcean were worth $438,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DOCN. Bank of America Corp DE acquired a new stake in DigitalOcean during the second quarter worth about $241,945,000. First Trust Advisors LP raised its holdings in DigitalOcean by 9.3% in the 1st quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock valued at $123,622,000 after acquiring an additional 122,675 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of DigitalOcean in the 2nd quarter worth approximately $98,011,000. Principal Financial Group Inc. grew its holdings in shares of DigitalOcean by 155.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock worth $95,080,000 after purchasing an additional 674,231 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of DigitalOcean by 81.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 683,707 shares of the company’s stock worth $59,947,000 after purchasing an additional 306,529 shares in the last quarter. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Price Performance

Shares of NYSE DOCN traded up $8.70 during midday trading on Friday, reaching $132.60. 638,075 shares of the company traded hands, compared to its average volume of 3,531,476. DigitalOcean Holdings, Inc. has a 12 month low of $37.09 and a 12 month 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 simple moving average is $125.73 and its 200-day simple moving average is $128.67. The firm has a market cap of $13.84 billion, a PE ratio of 60.47, a PEG ratio of 108.22 and a beta of 1.70.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business had revenue of $281.18 million during the quarter, compared to analysts’ expectations of $279.03 million. During the same quarter last year, the company posted $0.39 EPS. The firm’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, equities analysts anticipate that DigitalOcean Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Transactions at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $1,057,300.00. Following the completion of the transaction, the chief financial officer owned 503,692 shares in the company, valued at approximately $53,255,355.16. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the transaction, the chief accounting officer directly owned 65,487 shares in the company, valued at approximately $8,668,514.19. This represents a 6.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,641 shares of company stock valued at $2,589,317 in the last three months. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group cut their target price on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Truist Financial started coverage on shares of DigitalOcean in a report on Thursday, August 27th. They issued a “buy” rating and a $175.00 price target on the stock. Robert W. Baird initiated coverage on shares of DigitalOcean in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of DigitalOcean in a report on Friday, July 10th. Finally, Weiss Ratings lowered shares of DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $152.81.

About DigitalOcean

DigitalOcean Holdings, Inc (NYSE:DOCN) provides cloud computing services designed primarily for developers, startups, and small and midsize businesses. Its platform offers on-demand infrastructure and software tools intended to simplify the development, deployment, and management of applications.

The company’s services include cloud compute through Droplets, managed Kubernetes, managed databases, object and block storage, networking, and the App Platform for deploying applications. DigitalOcean also provides developer tools, tutorials, support, and other resources intended to help customers build and scale digital products without managing traditional data-center infrastructure.

Founded in 2011 and headquartered in New York City, DigitalOcean serves customers internationally through cloud infrastructure and data-center regions located in North America, Europe, and Asia.