Hilltop Holdings Inc. Purchases Shares of 6,059 DigitalOcean Holdings, Inc. $DOCN

Hilltop Holdings Inc. acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,059 shares of the company’s stock, valued at approximately $520,000.

A number of other hedge funds have also recently made changes to their positions in DOCN. State of New Jersey Common Pension Fund D bought a new position in DigitalOcean in the 4th quarter worth approximately $2,358,000. New York State Teachers Retirement System raised its position in shares of DigitalOcean by 33.0% during the fourth quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock valued at $2,373,000 after buying an additional 12,229 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of DigitalOcean by 266.1% during the fourth quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock worth $8,042,000 after acquiring an additional 121,473 shares during the last quarter. Legato Capital Management LLC bought a new position in shares of DigitalOcean during the fourth quarter worth $1,365,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in DigitalOcean during the fourth quarter valued at $2,101,000. Institutional investors own 49.77% of the company’s stock.

Insider Activity

In other news, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the transaction, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 39,338 shares of company stock valued at $6,191,576 in the last 90 days. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DOCN. Canaccord Genuity Group reiterated a “buy” rating and issued a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. Piper Sandler increased their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Bank of America raised their price objective on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. UBS Group decreased their price objective on DigitalOcean from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Finally, Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $160.00 in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, DigitalOcean currently has a consensus rating of “Buy” and a consensus price target of $151.93.

DigitalOcean Price Performance

Shares of DigitalOcean stock opened at $119.73 on Tuesday. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 52.28 and a beta of 1.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a 50 day moving average price of $150.65 and a 200-day moving average price of $104.71. DigitalOcean Holdings, Inc. has a one year low of $25.56 and a one year high of $187.50.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.17. The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.DigitalOcean’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts expect that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

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.