Lisanti Capital Growth LLC Invests $3.69 Million in DigitalOcean Holdings, Inc. $DOCN

Lisanti Capital Growth LLC acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 76,735 shares of the company’s stock, valued at approximately $3,692,000.

Several other institutional investors have also modified their holdings of DOCN. Allworth Financial LP lifted its position in shares of DigitalOcean by 54.4% during 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. NBC Securities Inc. purchased a new stake in DigitalOcean in the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new stake in DigitalOcean in the 3rd quarter valued at $37,000. Advisory Services Network LLC purchased a new stake in DigitalOcean in the 3rd quarter valued at $54,000. Finally, GAMMA Investing LLC raised its position in DigitalOcean by 33.8% in the 4th quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock valued at $76,000 after purchasing an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on DOCN shares. Citizens Jmp upped 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. Canaccord Genuity Group upped their price target on shares of DigitalOcean from $120.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DigitalOcean in a research report on Friday, March 27th. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a research report on Wednesday, May 6th. Finally, Morgan Stanley upped their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DigitalOcean currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.23.

DigitalOcean Stock Performance

Shares of DOCN opened at $158.93 on Friday. The stock has a market capitalization of $16.59 billion, a P/E ratio of 69.40 and a beta of 1.42. 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 1 year low of $25.56 and a 1 year high of $165.99. The company’s fifty day moving average is $105.50 and its two-hundred day moving average is $71.12.

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

Insider Activity

In other news, CAO Cherie Barrett sold 22,000 shares of DigitalOcean stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $54.77, for a total value of $1,204,940.00. Following the sale, the chief accounting officer owned 62,469 shares of the company’s stock, valued at $3,421,427.13. The trade was a 26.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matt Steinfort sold 25,000 shares of DigitalOcean stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the completion of the sale, the chief financial officer directly owned 573,272 shares in the company, valued at approximately $87,423,980. The trade was a 4.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,338 shares of company stock valued at $6,803,816 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.