Granite Investment Partners LLC Has $14.44 Million Stock Holdings in DigitalOcean Holdings, Inc. $DOCN

Granite Investment Partners LLC trimmed its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 18.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 168,311 shares of the company’s stock after selling 37,573 shares during the quarter. DigitalOcean makes up 0.9% of Granite Investment Partners LLC’s investment portfolio, making the stock its 25th largest position. Granite Investment Partners LLC’s holdings in DigitalOcean were worth $14,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DOCN. Allworth Financial LP raised 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 purchasing an additional 255 shares in the last quarter. Huntington National Bank lifted its stake in shares of DigitalOcean by 638.3% in the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after purchasing an additional 517 shares during the last quarter. NBC Securities Inc. bought a new stake in DigitalOcean in the fourth quarter worth $32,000. Banque Cantonale Vaudoise bought a new stake in DigitalOcean in the first quarter worth $33,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in DigitalOcean during the third quarter worth $37,000. 49.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DOCN. Citigroup raised their target price on DigitalOcean from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group reiterated a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a research note on Thursday, June 11th. Citizens Jmp increased their price objective on DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, March 26th. Oppenheimer set a $190.00 price objective on DigitalOcean in a research note on Wednesday, May 6th. Finally, Morgan Stanley boosted their target price on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.36.

DigitalOcean Stock Performance

NYSE DOCN opened at $140.37 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 61.30 and a beta of 1.57. The company’s fifty day moving average is $154.76 and its two-hundred day moving average is $97.62. DigitalOcean Holdings, Inc. has a 52-week low of $25.56 and a 52-week high of $187.50.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that DigitalOcean Holdings, Inc. will post 0.54 EPS for the current year.

Insider Activity at DigitalOcean

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matt Steinfort sold 25,000 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $152.50, for a total value of $3,812,500.00. Following the sale, the chief financial officer directly owned 573,272 shares in the company, valued at $87,423,980. The trade was a 4.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 39,338 shares of company stock valued at $6,191,576. 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.