Warren Adelman Sells 4,200 Shares of DigitalOcean (NYSE:DOCN) Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) Director Warren Adelman sold 4,200 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the sale, the director directly owned 67,433 shares in the company, valued at $8,362,366.33. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

DigitalOcean Trading Up 10.2%

Shares of DOCN stock opened at $133.18 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. DigitalOcean Holdings, Inc. has a 12-month low of $29.62 and a 12-month high of $187.50. The stock has a market capitalization of $13.90 billion, a P/E ratio of 60.81, a P/E/G ratio of 103.46 and a beta of 1.61. The firm’s 50 day moving average is $141.53 and its 200 day moving average is $110.58.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 return on equity of 31.01% and a net margin of 23.26%.The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company 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. Research analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Institutional Trading of DigitalOcean

Several institutional investors have recently bought and sold shares of DOCN. Allworth Financial LP boosted its holdings in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after buying an additional 255 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of DigitalOcean by 66.2% during the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares during the last quarter. Huntington National Bank lifted its position in shares of DigitalOcean by 638.3% in the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after acquiring an additional 517 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of DigitalOcean during the fourth quarter worth approximately $32,000. Finally, Banque Cantonale Vaudoise acquired a new position in DigitalOcean in the 1st quarter valued at $33,000. 49.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on DOCN shares. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $160.00 in a research report on Tuesday, July 21st. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a research report on Wednesday, May 6th. Morgan Stanley boosted their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Piper Sandler boosted their price target on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Citigroup increased their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, DigitalOcean presently has a consensus rating of “Moderate Buy” and an average price target of $151.33.

DigitalOcean Company 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.