Northwestern Mutual Wealth Management Co. Sells 10,907 Shares of DigitalOcean Holdings, Inc. $DOCN

Northwestern Mutual Wealth Management Co. decreased its position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 14.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,125 shares of the company’s stock after selling 10,907 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DigitalOcean were worth $3,038,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank grew its stake in DigitalOcean by 638.3% in the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after purchasing an additional 517 shares during the period. NBC Securities Inc. purchased a new position in DigitalOcean during the fourth quarter valued at $32,000. Allworth Financial LP boosted its holdings in shares of DigitalOcean by 54.4% during the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after buying an additional 255 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of DigitalOcean by 164.9% during the 4th quarter. Hantz Financial Services Inc. now owns 898 shares of the company’s stock valued at $43,000 after buying an additional 559 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of DigitalOcean in the 3rd quarter worth about $37,000. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Stock Up 4.1%

NYSE:DOCN opened at $180.88 on Friday. The firm has a market cap of $18.88 billion, a P/E ratio of 78.99 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $184.46. The firm has a 50-day simple moving average of $120.95 and a two-hundred day simple moving average of $78.77.

DigitalOcean (NYSE:DOCN) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The firm had revenue of $257.91 million for the quarter, compared to the consensus estimate of $249.76 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Analysts predict that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DOCN shares. Citizens Jmp lifted their price target on shares of DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, March 26th. Morgan Stanley upped their price objective on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Bank of America lifted their target price on shares of DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, April 9th. The Goldman Sachs Group boosted their price target on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of DigitalOcean in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.36.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction on Friday, May 15th. The stock was sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the sale, the director owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their position. The transaction was disclosed in a document filed 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 on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the transaction, the chief financial officer owned 538,414 shares of the company’s stock, valued at $91,568,068.98. This represents a 1.82% decrease in their position. 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 quarter, insiders have sold 39,338 shares of company stock worth $6,191,576. Company insiders own 0.96% of the company’s stock.

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.