Diversify Advisory Services LLC Makes New Investment in DigitalOcean Holdings, Inc. $DOCN

Diversify Advisory Services LLC bought a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, HoldingsChannel reports. The fund bought 9,195 shares of the company’s stock, valued at approximately $1,105,000.

Other large investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in shares of DigitalOcean during the 2nd quarter valued at $780,000. Summit Creek Advisors LLC purchased a new stake in shares of DigitalOcean in the second quarter worth about $5,407,000. Citizens Financial Group Inc. RI bought a new position in shares of DigitalOcean during the 2nd quarter valued at approximately $255,000. Deutsche Bank AG bought a new position in DigitalOcean during the second quarter valued at $15,182,000. Finally, Focused Wealth Management Inc bought a new position in shares of DigitalOcean in the 2nd quarter valued at about $227,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Insider Activity

In related news, CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were 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 $8,668,514.19. The trade was a 6.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total transaction of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares of the company’s stock, valued at $8,362,366.33. The trade was a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,656 shares of company stock valued at $2,811,383 in the last three months. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on DOCN shares. Robert W. Baird started coverage on DigitalOcean in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price target for the company. KeyCorp began coverage on DigitalOcean in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price target for the company. Weiss Ratings upgraded shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $160.00 in a research report on Tuesday, July 21st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $200.00 price objective on shares of DigitalOcean in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $151.33.

DigitalOcean Stock Down 6.9%

Shares of DOCN stock opened at $116.60 on Thursday. DigitalOcean Holdings, Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $187.50. The stock’s 50-day simple moving average is $137.14 and its 200-day simple moving average is $113.05. 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 firm has a market capitalization of $12.17 billion, a PE ratio of 53.24, a P/E/G ratio of 107.22 and a beta of 1.61.

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

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.